News: Finasucre joins the Board of Directors of I-care

News: Finasucre joins the Board of Directors of I-care
Author: I-care Group
Date Posted: 10.12.22

PRESS RELEASE

 

Finasucre joins the Board of Directors of I-care

Mons, October 11, 2022 – I-care Group is pleased to announce that Finasucre Group will have a seat on its Board of Directors, following the recent announcement of its record-breaking €50 million fundraising. Finasucre’s participation amounts to €20 million. The choice of this new industrial investor confirms the resolutely Belgian roots and the international ambition of I-care, which wants to become the world leader in industrial machine health.

In addition to Fabrice Brion and Arnaud Stiévenart, I-care’s co-founders, the Board of Directors of I-care will now be composed of Bruno Colmant (independent director), Gauthier Cruysmans (Finasucre), Damien Lourtie (SRIW), and Serge Demoulin (IMBC). 

Finasucre is a Belgian family-owned industrial group mainly active in the sugar sector but also, via its subsidiaries Galactic and Futerro, in the production of lactic acid and PLA (renewable bioplastics produced from lactic acid). Established on five continents, the company has 9 subsidiaries, 11 production sites and nearly 5,000 permanent and seasonal employees. With nearly a century of experience in the industrial sector, this investor will bring considerable expertise to I-care, which celebrated its 18th anniversary a few days ago.

“The choice of Finasucre is an obvious one because it is a Belgian, family-owned investor with a long-term commitment and in-depth knowledge of industry,” explains Fabrice Brion, CEO of I-care. “We share the same industrial vision. I am convinced that their expertise will strengthen I-care in its ambition to become the world leader in industrial machine health.” 

About I-care Group

I-care Group is a world leader in machine health. Their AI- and data-driven solutions can predict industrial failures months or even years before they occur. Thanks to I-care, machines around the world are safer, more productive and more sustainable. Founded in Mons in 2004, the company has close to 700 employees and offices in 12 countries (Americas, Europe and Asia-Pacific), with customers in more than 55 countries. I-care won the EY Company of the Year Award in 2020 (Belgium).

Contacts

  • I-care Group: Guillaume de Walque, +497-425.130, gdw@gosselindewalque.com 
  • Finasucre: Ermeline Gosselin +32 478 571 867, eg@gosselindewaque.com
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