September 13, 2019 - Yokogawa Electric Corporation announces the signing of an agreement on September 5th with UK-based RAP International Ltd. (RAP) for Yokogawa to acquire all shares of the company and make RAP a wholly-owned subsidiary. RAP specializes in providing digitized solutions that support risk assessment, management of the permit to work (PtW) process, and governance of control of work (CoW) for all plant maintenance activities.
Since 1994, RAP has been developing and implementing software solutions with integrated practices that let customers digitize their CoW processes. RAPnet, its flagship product, is an electronic CoW system for automating maintenance processes that is built around a knowledge base incorporating decades of accumulated first-hand knowledge and experience. The digitized off-the-shelf solution includes standard modules for safety risk assessments, PtW management, management of change, interlocks and overrides, and isolation management. The system is complemented by consulting services as well as mobile and cloud-based functionality to deliver on the digital ambitions of customers.
With support for 25 languages, it has been implemented at over 150 locations in 30 countries in the oil, gas, chemical, utilities, and steel sectors.
Yokogawa provides industrial automation solutions to optimize productivity and efficiency whilst at the same time assuring plant safety and asset integrity. The company offers solutions that can monitor the health of plant equipment, and digital platforms to support field maintenance. RAP’s solutions will further enhance Yokogawa’s asset and safety assurance solutions. Yokogawa will expand the availability of RAP’s consultancy services and road-tested systems through its global sales network, starting in Europe. The company will also carry out development work to integrate these into its existing technology portfolio and create a digital transformation platform that enables real-time monitoring of both plant assets and maintenance procedures.