Apleona has acquired a majority stake in Eastway, enhancing its capabilities in predictive maintenance and AI-based monitoring solutions in building operations.

Target Information

Apleona has taken a strategic majority stake in Eastway, a specialist in data-driven predictive maintenance and AI-supported monitoring for technical systems in building operations, operating across the USA and Europe. The closing of this acquisition occurred on October 2, 2023. Established in 2001 and headquartered in Limerick, Ireland, Eastway provides advisory services regarding condition-based and predictive maintenance solutions tailored for technical systems such as HVAC units, compressors, chillers, and pumps.

Eastway's offerings are grounded in sensor-based online monitoring, which is supported by a 24/7 oversight from building technology specialists. These specialists utilize machine learning algorithms trained on collected data to provide actionable recommendations. As an independent adviser, Eastway helps clients minimize unplanned downtime—especially in critical environments—and reduce emergency repair costs, while enabling a strategic and economical replacement of technical systems.

Industry Overview in Ireland

The facility management industry in Ireland is growing rapidly, driven by increased demand for integrated solutions that maximize operational efficiency and sustainability. The Irish market is witnessing substantial advancements in tec