# Hexion acquires AI-driven autonomous manufacturing firm Smartech

Hexion Inc. announced its acquisition of Smartech, a company specializing in AI-driven autonomous manufacturing solutions. This is Hexion's first acquisition in a decade, aimed at enhancing production efficiency in the wood processing industry and beyond.

- Type: Acquisition
- Announced: 2024-12-06
- Status: completed
- Products: AI-driven autonomous manufacturing solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hexion](https://endata.com/companies/22326.md) (acquirer)
- [SMARTECH](https://endata.com/companies/66357.md) (target)

## Sources

- [chemengonline.com](https://www.chemengonline.com/hexion-acquires-autonomous-manufacturing-firm-smartech/), 2024-12-06: "Hexion Inc. (Columbus, Ohio) announced its acquisition of Smartech, a cutting-edge technology company at the forefront of AI-driven autonomous manufacturing solutions."

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