SOUTH AFRICA – Food processing and packaging solutions company, Tetra Pak has acquired South Africa-based asset management company, Gaussian to enhance its existing outcome-based solutions for customers.

The acquisition is a result of a longstanding relationship between Tetra Pak and Gaussian, including a previous partnership to develop and deploy plant-wide performance analysis services.

Through the collaboration, Tetra Pak revealed that the companies were able to conduct opportunity analysis to identify cost saving and efficiency opportunities, delivered through services such as Tetra Pak Plant Secure launched in 2018.

Following the acquisition, the Swiss packaging supplier said that its customers will now have access to solutions based on industry physical asset management best practices.

According to the company, this will enable them to maximise the value they can create in their factories through an informed ‘data-driven’ approach towards increasing efficiencies and reducing costs.

“Tetra Pak Services aims to be the world’s leading provider of Services to the Liquid Food industry, at the forefront of technology to help our customers excel in quality and performance,” said Roberto Franchitti, Executive Vice President Services.

While the companies did not disclose the financial details of the buyout, Tetra Pak views the acquisition of Gaussian as a perfect addition to the its Services portfolio.

The company will be able to benefit from Gaussian’s industry leading suite of tools, analytical and simulation capabilities, which Tetra Pak says will help its customers optimise their operations and competitiveness even more than ever.

“I am very excited by the opportunities this acquisition brings both for Tetra Pak Services and for the industry in general,” Roberto added.

Dean Griffin, Director Gaussian commented: “Having worked closely with Tetra Pak for a number of years, the decision to join the company was a natural one.

“We see more opportunities opening up by combining our respective areas of expertise. Tetra Pak’s unrivalled experience within the F&B industry and our knowledge of strategic modelling means we will be able to offer real business improvements for Tetra Pak’s customers.’

Founded in 2015, Gaussian has extensive international experience in asset management having delivered its services to a range of sectors including mining, power, infrastructure and fast-moving consumer goods (FMCG).

Gaussian also played a leading role in drafting ISO 55000, 55001, 55002, the first set of international standards for asset management.​