ATTEN2

ATTEN2

Providing technology and engineering solutions that reduce operational risk for their clients and monitor their critical assets.

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Total Funding000k

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Revenues, earnings & profits over time
EUR201520162017201820222023
Revenues000000000000000000000000
% growth-98 %57 %27 %-37 %
EBITDA000000000000000000000000
% EBITDA margin38 %(29 %)(4 %)(36 %)--
Profit000000000000000000000000
% profit margin10 %(30 %)(43 %)(30 %)1 %(8 %)
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000

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ATTEN2 Advanced Monitoring Technologies operates as a specialized provider of optical sensor systems for monitoring the condition of industrial fluids, primarily lubricating oils. The firm was established in 2012 as a spin-off from the Tekniker technology research center in Eibar, Spain, building upon years of dedicated research in sensor technology and lubrication that began as a European project in 2002. Key figures in its development include Eneko Gorritxategi and Edgar Martínez. The company's technology captured significant industry attention, leading to an investment in 2015 from notable entities such as Iberdrola and the Centre for Technological Development (CDTI).

The core of ATTEN2's business is the development, production, and sale of online optical sensors that provide real-time data on the health of critical industrial assets. This technology serves a diverse client base across sectors like renewable and conventional energy, mining, automotive, and general industrial processes. Revenue is generated through the sale of its sensor hardware and complementary engineering and data analysis services. The business model focuses on providing condition-based maintenance solutions that help clients prevent equipment failure, reduce operational risk, and minimize costly downtime.

ATTEN2 offers a suite of products, including the OilWear®, OilHealth®, and OilMoisture® sensors. The OilWear® system uses advanced image analysis and AI to detect and classify particles as small as four microns, uniquely distinguishing between harmful particles and air bubbles. This allows for precise analysis of wear patterns and root cause identification. The OilHealth® sensor assesses the degradation status and contamination level of lubricant oil, helping to extend its useful life and reduce waste. The OilMoisture® sensor specifically targets water content, a critical contaminant that accelerates corrosion and oil breakdown. All sensors are designed for direct integration into existing machinery and can be connected to SCADA, PLC, or CMS systems for continuous, real-time monitoring.

Keywords: oil condition monitoring, optical sensors, predictive maintenance, lubricant analysis, wear debris analysis, particle counting, fluid monitoring, industrial sensors, asset condition monitoring, Tekniker spin-off, real-time diagnostics, oil degradation sensor, machinery health, ISO 4406, remote monitoring, advanced diagnosis, industrial automation, IIoT sensors, fluid contamination, asset reliability

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