I-care Group

What I-care Group does

I-care Group is a Belgian predictive maintenance company founded in 2004 and headquartered in Mons, Belgium, that provides end-to-end asset reliability solutions to industrial organizations across more than 55 countries. Its offering combines patented wireless IoT sensors (Wi-care), an AI-powered analytics platform (I-see), and a global engineering services team of 600+ specialists operating across 35+ offices in 15+ countries. Together, these components monitor approximately 40,000 industrial machines and around 100,000 sensors, processing millions of data points daily to detect equipment anomalies and predict failures before they occur.

The company monetizes through an integrated Predictive Maintenance as a Service (PdMaaS) bundle that combines hardware (sensor sale or rental), software (I-see platform), and field engineering services, complemented by three flexible engagement models ranging from fully outsourced to advisory. Additional revenue streams include reliability engineering consulting, reliability-centered lubrication, calibration and measurement services, and a training/certification business operated through Technical Associates of Charlotte (US) and Technical Associates of Europe (Belgium, launched December 2025). The company reports approximately 80% recurring revenue, 25% year-over-year organic growth since 2017, and serves enterprise customers across food and beverage, chemicals, oil and gas, marine, energy and utilities, and automotive verticals — including named logos such as BASF, Bayer, Syngenta, Perdue Farms, Barry Callebaut, Chiyoda, DEME, and Neste Singapore.

I-care achieved unicorn status in December 2025 following a $23.2 million funding round that valued the company at €1 billion ($1.16 billion), and has publicly signaled intentions to pursue an IPO. The group is structured around I-care Holding SA (Belgium) and includes subsidiaries I-care Electronics (formerly Cepya Electronics, acquired 2023), Mecotec (precision engineering), SDT International (ultrasound-based PdM, acquired 2025), and Technical Associates of Charlotte (training, acquired 2023). Co-founders Fabrice Brion (CEO) and Arnaud Stiévenart retain 72% ownership, with employees holding 8% and reference shareholders (including Finasucre, Wallonie Entreprendre, CPH Bank, IMBC, and Amerigo Fund) holding the remaining 20%.

Name

I-care Group

Legal name

I-care Holding SA

Website

https://icareweb.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

I-care Group is a Belgian predictive maintenance provider founded in 2004 that combines patented Wi-care IoT sensors, the I-see AI analytics platform, and a 600+ engineer field services team to monitor 40,000+ industrial machines for enterprises across 55+ countries.

Ownership category

akta.pro rank

Product category

Predictive Maintenance Services

NAICS

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (8113), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Electronic and Precision Equipment Repair and Maintenance (81121)

SIC

General Industrial Machinery & Equipment (3560), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Predictive Maintenance & Condition Monitoring (IMAIAMAD)

akta.pro secondary industries

Industrial Maintenance & Reliability (EDAOAHAA), Utility Asset Performance Management & Predictive Maintenance (Grid/Plant IoT) (EUADAPAI)

Keywords

• Predictive maintenance services
• Industrial IoT sensors
• AI asset monitoring
• Vibration analysis solutions
• Reliability engineering services

Headquarters

HQ city

Mons

HQ country

Belgium

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Predictive Maintenance as a Service (PdMaaS): All-inclusive bundled offering integrating Wi-care sensors (hardware rental/sale), I-see software platform, and expert engineering services. This is the flagship bundled offering providing end-to-end predictive maintenance. Operates on a subscription/service contract model, consistent with the company's ~80% recurring revenue profile reported on the investor page.
2. Hardware (Wi-care Sensors): Sale or rental of patented wireless IoT monitoring sensors (Wi-care). Sensors are deployed on industrial assets and connect to the I-see platform. Customers can purchase outright or rent as part of the PdMaaS bundle.
3. Software Platform (I-see): AI-powered analytics software (I-see) processing millions of data points daily. Likely licensed on a subscription or per-sensor basis. Integrates with third-party CMMS systems and IoT devices.
4. Professional Services: Expert engineering and reliability services delivered by 600+ engineers worldwide. Services include on-site PdM engineering, reliability engineering, reliability-centered lubrication, and calibration/measurement. Three engagement models: 'Do the work for you,' 'Do the work with you,' and 'We drive you to do the work.'
5. Training Services: Technical Associates of Europe and Technical Associates of Charlotte provide certification programs and training in predictive maintenance and reliability engineering. Represents a separate training revenue stream.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

I-care Group delivers end-to-end predictive maintenance solutions that combine patented wireless IoT sensors (Wi-care), an AI-powered analytics platform (I-see), and expert engineering services. The company monitors over 40,000 industrial machines across 55+ countries, helping industrial organizations transition from reactive maintenance to data-driven predictive maintenance through three flexible engagement models.

Product overview

I-care Group operates as a predictive maintenance and industrial performance solutions provider with a unique end-to-end approach combining patented hardware (Wi-care™ IoT sensors), AI-powered software (I-see™ platform), and expert services. The portfolio includes Predictive Maintenance as a Service, Reliability Engineering, Reliability Centered Lubrication, and Calibration & Measurement services. The group also encompasses subsidiaries including Technical Associates of Europe and Technical Associates of Charlotte for training, I-care Electronics for electronic systems, Mecotec for precision engineering, and SDT International for ultrasound predictive maintenance solutions. With over 1,000 employees serving customers in 55+ countries, I-care delivers comprehensive asset reliability and industrial performance optimization.

Differentiator

Problem solved

Functional benefit

Brands

• I-see: AI-powered predictive maintenance platform that processes millions of data points daily to significantly reduce downtime and enhance production performance.
• Wi-care

Products and services

• I-see AI-powered predictive maintenance analytics platform that processes millions of data points daily to detect anomalies and predict equipment failures before they occur. Used by industrial reliability engineers to monitor 40,000+ machines in real time.
• Wi-care Patented wireless IoT sensors for continuous industrial asset monitoring. Marketed as 'world's best monitoring IoT,' enabling real-time vibration and machine health data collection without wired infrastructure.
• Predictive Maintenance as a Service (PdM as a Service) All-inclusive bundled solution integrating Wi-care sensors (hardware rental/sale), I-see software platform, and expert engineering services into an end-to-end predictive maintenance offering for industrial organizations.
• Reliability Engineering Expert services that maximize maintenance efficiency by leveraging the three forces of Reliability Engineering to achieve unparalleled asset performance for industrial customers.
• Reliability Centered Lubrication Lubrication program design, implementation, and standardization services to optimize asset performance for industrial customers.
• Calibration and Measurement Calibration and measurement services ensuring compliance with regulations and meeting client expectations for industrial customers.
• Technical Associates of Europe (TAE) Training Specialized certification programs in predictive maintenance and reliability engineering offered across Europe, building on the heritage of Technical Associates of Charlotte.
• Technical Associates of Charlotte Training Specialized certification programs and training in predictive maintenance and reliability engineering for industrial clients based in Charlotte, NC, USA.
• SDT International Ultrasound Predictive Maintenance Ultrasound-based predictive maintenance solutions recognized worldwide for cutting-edge ultrasound monitoring technology focused on industrial equipment condition.

Quantifiable outcome

• $5.2 million saved across North American operations
• +6 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability4 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core.

• FiltertechnikcoreTechnology or Integration · 24 February 2026Strategic integration between I-care's I-see AI platform and Filtertechnik's on-site oil monitoring devices. The integration connects AI-enhanced predictive maintenance with real-time fluid cleanliness and oil condition data, facilitating more informed maintenance decisions and enhanced equipment reliability.
• Tribofilm (Mainti4 CMMS)coreTechnology or Integration · 16 December 2025I-care announced the integration of its I-see platform with Tribofilm's Mainti4 CMMS, enabling real-time, bidirectional data synchronization to improve maintenance operations. The integration enhances predictive maintenance capabilities and operational efficiency for industrial clients. The collaboration aims to expand digital interoperability and reliability across global industries.
• Technical Associates of EuropecoreOthers · 4 December 2025Launched in December 2025 as a new independent training organization by I-care Group, based in Mons, Belgium. Expands reliability training across Europe with specialized certification programs, building on the heritage of Technical Associates of Charlotte. Supports I-care's broader training initiatives and professional development services.
• OraclecoreChannel Partner/ Reseller/ Distributor · 6 November 2025I-care joined Oracle's enhanced partner program to leverage Oracle technologies for predictive maintenance services. The partnership combines I-care's AI, IoT, and vibration analysis capabilities with Oracle's enterprise asset management solutions to reduce unplanned downtime and enhance maintenance operations for mutual enterprise customers.
• DimoMaintcoreTechnology or Integration · 16 October 2025I-care announced a partnership with DimoMaint to integrate its AI-powered predictive maintenance platform, I-see, with DimoMaint's CMMS software. The integration enables early failure detection, prioritizes maintenance tasks, and aims to increase uptime and reduce costs for manufacturers. This collaboration is part of I-care's broader goal to become a primary source of predictive maintenance data for reliability engineers.
• Technical Associates of CharlottecoreOthersA subsidiary of I-care Group specializing in predictive maintenance and reliability engineering services and training. Based in Charlotte, USA, it provides specialized certification programs and supports industrial clients in optimizing asset performance and reducing downtime. Its model inspired the launch of Technical Associates of Europe.
• I-care ElectronicscoreOthersFormerly Cepya Electronics (acquired by I-care Group in September 2023 and rebranded to I-care Electronics in April 2026). Specializes in developing and producing electronic systems, offering advanced PCB assembly, system integration, and industrialization services for automotive, medical, and telecommunications sectors.
• MecoteccoreOthersA precision engineering company within the I-care Group, known for expertise in mechanical and electronic manufacturing. Focuses on high-quality machining, prototyping, and industrial automation, serving various industries with innovative and tailored solutions.
• SDT InternationalcoreOthersA leading Belgian company in ultrasound predictive maintenance solutions, recognized worldwide for cutting-edge ultrasound monitoring technology focused on industrial equipment condition monitoring.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• UReason: UReason provides asset performance management and predictive maintenance software focused on rotating equipment, with strong European industrial customer penetration. It competes with I-care's I-see platform in mid-market and enterprise deployments.
• Samsara: Samsara provides IoT sensors and a cloud platform for fleet and industrial operations, including equipment monitoring. It overlaps with I-care's wireless sensor and asset-monitoring approach, though Samsara's emphasis is more on fleets and operations than rotating-equipment reliability.

Direct peers

• Augury: Augury provides AI-driven machine health and asset reliability monitoring using vibration and temperature sensors combined with a SaaS analytics platform. It is the closest direct competitor to I-care's wireless sensor + AI platform model.
• Uptake Technologies: Uptake offers AI-based predictive maintenance and asset performance software for industrial customers across manufacturing, energy, and rail. It competes with I-care in AI analytics for industrial equipment health.

Broad incumbents

• C3.ai: C3.ai delivers enterprise AI applications including predictive maintenance for industrial customers. While broader than I-care's PdM focus, it is a comparable AI-platform play targeting similar reliability and uptime use cases at large enterprises.
• SKF (Condition Monitoring): SKF is a global bearing and rotating-equipment manufacturer with a substantial condition monitoring and predictive maintenance portfolio, including wireless sensors and IMx data platforms. It is a relevant incumbent competitor in industrial reliability services.
• Fluke Reliability (Fortive): Fluke, part of Fortive, provides portable vibration analyzers, infrared, and ultrasound tools used in condition-based and predictive maintenance programs. It competes with I-care in the PdM tooling and services market.
• Honeywell Forge (Connected Plant): Honeywell's Forge Connected Plant offering bundles predictive maintenance, asset health monitoring, and process optimization for industrial operators, competing with I-care's end-to-end PdMaaS for plant reliability.
• Siemens MindSphere / Insights Hub: Siemens' MindSphere/Insights Hub is an industrial IoT platform with predictive maintenance applications widely used by discrete and process manufacturers. It is a comparable incumbent for industrial AI and asset reliability.
• GE Digital (Predix APM / APM Connect): GE Digital's APM (Asset Performance Management) suite, historically built on Predix, delivers predictive maintenance and reliability analytics for power, oil & gas, and manufacturing customers, making it a directly overlapping incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCQ-ne_q6kz9M53TB9KZfbww
• Facebookfacebook.com/Icaregroup
• LinkedInlinkedin.com/company/icaregroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about I-care Group