Fabrico launches development of innovative OEE solution for European market with strategic investment from SAV and Ficosota

With the new capital, Fabrico strengthens its position in the market and accelerates innovation in industrial software by expanding the development of Fabrico OEE, a new module for measuring the efficiency of production processes. The solution will complement Fabrico's existing machine maintenance software and set new standards for manufacturing efficiency. 

OEE (Overall Equipment Effectiveness) is a manufacturing efficiency standard that is taking on new dimensions in the vision of Industry 5.0. The new module builds on an innovative combination of IIoT and AI technologies, including computer vision, to provide a holistic view of the efficiency of manufacturing assets - time and reasons for downtime, productivity and quality. 

Fabrico automates data collection and analysis processes, allowing production teams to make informed decisions in real time. In turn, managers gain clear insight into the health and performance of their assets, helping to reduce waste, optimize productivity and increase profitability.

"Our goal is to help management obtain comprehensive information about their production assets in real time, so-called Machine Master Data, including at the group level. We are already doing this with Fabrico CMMS, the new OEE module will provide in-depth analysis and understanding of what assets are producing and how efficient they are - the most important metric for any production" says Blagovesta Pugyova, Fabrico's Managing Director.

The industrial partner in the development is Ficosota, which is involved in the project with a team of experienced production engineers in addition to capital. The two companies are already working successfully together - following the iteration and high performance of Fabrico CMMS in Ficosota's productions, the companies are extending their partnership in the construction of Fabrico OEE. This collaboration marks a new chapter in industrial innovation, in which a leading manufacturer and a software company join forces to create an innovative solution available to a variety of industries. The approach is typical of Fabrico's product team and continues its philosophy of developing manufacturing solutions side-by-side with production teams, combining the best of the technology and manufacturing worlds.

Ficosota is one of the most successful and innovative Bulgarian companies in the FMCG sector, with a presence in over 70 countries. Ficosota's brands combine innovation and functionality. The latest step forward - the investment in Fabrico - is an example of how the company is looking to the future and creating new standards in the industry.

The investment underscores the financial community's confidence in Fabrico's sustainability and potential. Sofia Angels Ventures, as lead investor, is one of the country's active venture capital funds backed by the European Investment Fund (EIF) that co-invests in innovative startups with the potential for effective growth and global impact. "Our investment in Fabrico demonstrates our high confidence in Fabrico's management team, will accelerate innovation in their industrial software" says Georgi Sidjimkov, Partner at Sofia Angels Ventures.

With the support of Sofia Angels Ventures and the partnership with Ficosota, Fabrico is preparing to introduce Fabrico OEE to the European market in 2025. The new module will complement the company's existing platform, setting new standards for efficiency and sustainability in the industrial sector.