Battery Ventures announced a significant investment in Mobius Institute, an organization specializing in reliability improvement, conditioning monitoring, and precision maintenance training and certification. Mobius delivers its training through public, in-plant, and online training programs and has trained over 70,000 professionals from 180 countries since 2005. Along with training, a related entity to the company (Mobius Institute Board of Certification) is an ISO/IEC 17024 and ISO 18436-accredited certification body offering globally recognized certification to reliability professionals, vibration analysts, ultrasound analysts, thermal imaging, and lubrication specialists worldwide.
Mobius Institute is an authority in the industrial asset-reliability space – which is growing rapidly as companies transition to predictive and data-based maintenance regimes to operate more efficiently and achieve new sustainability targets. Through its network of training partners, Mobius has trained maintenance and reliability pros across various industries with students from Pfizer, Rio Tinto, Abbott, Abbvie, Ford, Coca-Cola, Samsung, ABB, Cargill, Nestle, Siemens, Dow, Amazon, Bayer, Mercedes-Benz, NASA, Hyundai, etc.
Battery’s goal with the deal is to create a large, innovative, asset-reliability and industrial-services organization. The firm also expects to build upon Mobius’ strength in asset reliability while expanding the portfolio into the broader market for industrial training, certification, and specialized products & services.
Jason Tranter (Mobius co-founder) will remain a technical advisor to Mobius. And as part of this deal, Marcus Pillion joined the company as Group CEO to drive M&A and continued organic growth and oversee integration efforts. Pillion joins Mobius after serving most recently as the CEO of Des-Case before its acquisition by Timken last year. Before Des-Case, Pillion had previous executive experience across several asset-reliability and condition-monitoring businesses, including TRITEC Performance Solutions, Colfax Fluid Handling, EagleBurgmann, SKF, and John Crane.
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“My wife, Georgie, and I started the business in our house in 1999 with the goal of making vibration analysis and condition monitoring understandable. We never imagined Mobius Institute growing to this scale with almost 10,000 students trained last year alone,” he said. “Having developed a relationship with Battery over the past several years, I am excited to see Mobius continue to grow under Battery’s ownership as the starting point of a new platform.”
- Jason Tranter, the co-founder of Mobius
“I am excited to join forces with Battery, a seasoned industrial-technology investor with extensive experience creating platforms through global M&A. Having used Mobius Institute training across all of the companies I previously worked for, I am excited to build upon the global brand Mobius has created as we enter into the next phase of its growth trajectory.”
- Marcus Pillion
“We are thrilled to partner with Mobius and its exceptional staff as we pursue the next phase of growth for the business. Having followed the asset-reliability and condition-monitoring market for many years, we’ve observed an accelerating trend in predictive maintenance and believe we are still in the early innings of this movement as many industries increasingly adopt these solutions.”
- Zack Smotherman, a Battery general partner
“We are grateful to Jason for the opportunity to partner with Mobius and excited about the journey ahead as we look to leverage Mobius’s global reputation to improve asset reliability across many industries in the years to come.”
- Battery Principal Justin Rosner
