Battery Ventures Invests in Training and Certification Company Mobius Institute
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Insights
Battery Ventures' investment in Mobius Institute is a strategic move that aligns with the broader industry trend towards predictive maintenance and data-driven asset management. The industrial sector is increasingly adopting these practices to enhance operational efficiency and meet sustainability goals. By capitalizing on Mobius' expertise in training and certification for asset reliability, Battery Ventures is positioning itself to tap into a growing market demand.
From a market perspective, this investment could signify a consolidation trend within the industrial training and services sector. The mention of M&A activities and organic growth initiatives suggests that Battery Ventures aims to create a more comprehensive platform that could reshape the competitive landscape. As industries seek to minimize downtime and optimize performance, the need for skilled professionals in reliability and maintenance is likely to escalate, potentially increasing the value proposition of companies like Mobius.
Furthermore, the appointment of Marcus Pillion as Group CEO, with his extensive background in asset-reliability and condition-monitoring businesses, indicates a clear focus on integrating and expanding Mobius' offerings. This could lead to enhanced market penetration and the development of new services that cater to the evolving needs of industrial clients.
The financial implications of Battery Ventures' investment in Mobius Institute are multifaceted. Firstly, the investment could lead to revenue growth for Mobius through expanded service offerings and market reach. This growth might be reflected in the performance of Battery Ventures' portfolio and could attract further investments into the industrial services sector.
Secondly, the emphasis on M&A activities as part of the growth strategy could indicate potential future transactions that may impact the valuation of Mobius and its peers. Investors should monitor subsequent acquisitions as they could contribute to economies of scale and improved market positioning, thereby influencing stock prices and investor sentiment.
Lastly, given the involvement of Mobius in training personnel from major corporations, the investment might also have a ripple effect on the operational efficiency and cost structures of these companies. If Mobius' training programs lead to significant improvements in asset reliability for its clients, this could result in reduced maintenance costs and potentially improved profitability for those firms, which might be reflected in their stock performance.
The investment in Mobius Institute by Battery Ventures underscores the growing importance of sustainability in business operations. Asset reliability and predictive maintenance are not just efficiency measures; they are integral to sustainable practices. By reducing equipment failures and extending the life of industrial assets, companies can lower their environmental impact through decreased resource consumption and waste generation.
The training and certification provided by Mobius play a important role in equipping professionals with the skills needed to implement these sustainable practices. As companies face increasing pressure from regulators, investors and consumers to operate sustainably, the demand for such education is expected to rise. This trend presents an opportunity for Mobius to expand its influence and become a key player in the transition towards more sustainable industrial operations.
In the long term, Battery Ventures' investment could facilitate broader adoption of sustainable practices across industries, potentially leading to industry-wide improvements in environmental performance. This progress could also influence the ESG (Environmental, Social and Governance) ratings of companies, which are becoming an increasingly important factor in investment decisions.
Battery’s investment creates a foundation for a new global platform offering asset-reliability solutions and industrial services
Mobius delivers its training via public, in-plant, and online training programs and has trained more than 70,000 professionals from 180 countries since 2005. In addition to training, a related entity to the company, Mobius Institute Board of Certification, is an ISO/IEC 17024 and ISO 18436-accredited certification body that provides globally recognized certification to reliability professionals, vibration analysts, ultrasound analysts, thermal imaging, and lubrication specialists worldwide.
Mobius Institute is seen as an authority in the industrial asset-reliability space, which is growing in importance as companies transition to predictive and data-based maintenance regimes to operate more efficiently and meet new sustainability targets. Via its network of training partners, Mobius has trained maintenance and reliability professionals across a wide range of industries with students from Pfizer, Rio Tinto, Abbott, Abbvie, Ford, Coca-Cola, Samsung, ABB, Cargill, Nestle, Siemens, Dow, Amazon, Bayer, Mercedes-Benz, NASA, and Hyundai, among others.
Jason Tranter, the co-founder of Mobius, said he hoped the partnership with Battery will help his company scale to a new level. “My wife, Georgie, and I started the business in our house in 1999 with the goal of making vibration analysis and condition monitoring understandable. We never imagined Mobius Institute growing to this scale with almost 10,000 students trained last year alone,” he said. “Having developed a relationship with Battery over the past several years, I am excited to see Mobius continue to grow under Battery’s ownership as the starting point of a new platform.”
As part of the transaction, Tranter will serve as a technical advisor to Mobius.
Battery’s goal with the transaction is to create a large, innovative, asset-reliability and industrial-services player; the firm expects to build upon Mobius’ strength in asset reliability while expanding the portfolio into the broader market for industrial training, certification, and specialized products & services.
As part of this initiative, Marcus Pillion joins the company as Group CEO to drive M&A and continued organic growth, as well as to oversee integration efforts. Pillion joins Mobius after serving most recently as the CEO of Des-Case before its acquisition by Timken (NYSE: TKR) in 2023. Prior to Des-Case, Pillion had previous executive experience across several asset-reliability and condition-monitoring businesses including TRITEC Performance Solutions, Colfax Fluid Handling, EagleBurgmann, SKF and John Crane.
“I am excited to join forces with Battery, a seasoned industrial-technology investor with extensive experience creating platforms through global M&A,” said Pillion. “Having used Mobius Institute training across all of the companies I previously worked for, I am excited to build upon the global brand Mobius has created as we enter into the next phase of its growth trajectory.”
“We are thrilled to partner with Mobius and its exceptional staff as we pursue the next phase of growth for the business,” said Zack Smotherman, a Battery general partner. “Having followed the asset-reliability and condition-monitoring market for many years, we’ve observed an accelerating trend in predictive maintenance and believe we are still in the early innings of this movement as many industries increasingly adopt these solutions.”
Added Battery Principal Justin Rosner: “We are grateful to Jason for the opportunity to partner with Mobius and excited about the journey ahead as we look to leverage Mobius’s global reputation to improve asset reliability across many industries in the years to come.”
About Mobius Institute
Mobius Institute is a worldwide provider of reliability improvement, condition monitoring, and precision maintenance education to industrial plant managers, reliability engineers, and condition monitoring specialists, allowing plants to be successful in implementing reliability improvement and condition monitoring programs. Mobius delivers its training via public, in-person / onsite, and online education programs with a key advantage being its unique training style that uses innovative 3D animations and software simulations, making complex topics easier to understand. Mobius has trained and certified more than 70,000 industrial professionals from 180 countries since 2005 with thousands more engaged through distance learning programs and Mobius’ online community MOBIUS CONNECT. Learn more at https://www.mobiusinstitute.com/about-mobius-institute/.
About Battery
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, consumer tech, healthcare IT and industrial technology and life-science tools. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in
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Megan O’Leary
Marketing Director, Battery Ventures
moleary@battery.com
(415) 426-5912
Source: Battery Ventures
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