In the dynamic fields of process, oil, gas, and chemical industries, ensuring safety is paramount. Functional safety, guided by rigorous international standards, is at the heart of maintaining operational integrity.
Sviluppo Sostenibile, a private equity fund active in the Italian mid-market and focused on promoting ESG principles, managed by DeA Capital Alternative Funds SGR, has acquired a controlling stake in GM International.
The term “functional safety” came to life in the nineties. Initially, the solutions to enhance the safety of critical applications primarily involved one or more contactors. However, with the advent of the IEC 61508 standard, more advanced equipment began to prosper and populate the market. This process fostered the origin of safety relays.
