# SMS group acquires Viridis and Vetta, forms digitalization center in Brazil

SMS group acquired all shares of Viridis Energy Solutions and shares of Vetta Technologies, merging them into a Center of Competence for industrial digitalization in Belo Horizonte, Brazil. The new entity will operate under the name Vetta alongside SMS digital.

- Type: Acquisition
- Announced: 2020-07-01
- Where: Belo Horizonte, Brazil, Brazil
- Status: completed
- Products: digital energy and sustainability platform, digital solutions for process industry, data-driven models for process optimization
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [SMS group](https://endata.com/companies/2366.md) (acquirer)
- [Viridis Energy Solutions](https://endata.com/companies/48285.md) (target)
- [Vetta Technologies](https://endata.com/companies/48286.md) (target)

## Sources

- [news-blast.com](https://www.news-blast.com/2020/07/sms-group-investiert-in-brasilianisches-center-of-competence-fuer-industrielle-digitalisierung/), 2020-07-01: "Die SMS group hat Anteile zweier in Brasilien ansässiger Unternehmen, Viridis und Vetta, erworben und baut hierdurch seine Marktpräsenz in Lateinamerika aus."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.