S-UBG AG invests in INspares GmbH to enhance industrial spare parts management through innovative software, positioning the company for growth in a rapidly expanding market.

Information on the Target

INspares GmbH, based in Wegberg, has developed an innovative software solution designed to provide industrial companies with comprehensive transparency over their electrical components. Its platform enables businesses to monitor the lifecycle and wear of these components, ensuring timely procurement of spare parts and helping to prevent operational failures. The company aims to leverage the new funding from S-UBG AG to enhance market positioning, form strategic partnerships, and expand its product offerings.

Industry Overview in Germany

The management of spare parts in electrical controls has gained significant importance in recent years. Since the 1990s, the increasing electrification of production facilities has resulted in an aging inventory that remains fully operational but has become increasingly complex to maintain. The careful stocking of critical components and their proactive replacement has become essential for business continuity. A single failure in an industrial setting can lead to significant downtime and financial loss.

INspares' OT360 platform allows companies to track and continuously monitor their components through obsolescence management, independent of the manufacturer, focusing solely on the installed parts. The software proactively alerts users to potential risks and