Deal Details

Sale to Koch Industries, Inc.

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Summary

About

EFT Control Systems Ltd. (“EFT ”) recently announced its sale to Koch Technology and Optimization, LLC and Koch Minerals, LLC, both subsidiaries of Koch Industries, Inc. (“Koch”). Terms of the transaction were not disclosed.

EFT is a leading SaaS solution provider in the fields of industrial process optimization, energy management and predictive analytics. EFT combines unique expertise in energy and process management to optimize manufacturing operations and deliver cost savings to clients. EFT's cloud-based software imports, aggregates, and validates real-time data from various sources. Leveraging EFT's analytics platform, clients are able to optimize industrial processes, detect root causes of unforeseen events, and identify sources of energy and operational savings. Through predictive analytics and machine learning, EFT's software continues to learn and become more intelligent over time, delivering additional value to clients. EFT is headquartered in New York, New York and Dublin, Ireland.

Koch is one of the largest private companies in America. Koch owns a diverse group of companies involved in refining, chemicals, biofuels and ingredients; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; electronic components; commodity trading; minerals; energy; ranching; glass; and investments. Koch is headquartered in Wichita, Kansas.

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