
Distence Oy is a Finnish industrial IoT company specializing in intelligent solutions for maximizing machine health, particularly for rotating industrial assets such as motors, gears, and pumps. Their flagship product, Condence.io, is a SaaS platform that integrates advanced communication, vibration analysis, and continuous condition monitoring to enable predictive and prescriptive maintenance. The platform supports global scalability and real-time analytics from sensor data to actionable recommendations, helping customers reduce lifecycle costs and optimize asset reliability and operational excellence. With over 14 years of experience and installations in more than 40 countries, Distence has established itself as a robust partner in industrial digitalization, recently acquired by Megger to expand predictive maintenance capabilities.

Distence Oy is a Finnish industrial IoT company specializing in intelligent solutions for maximizing machine health, particularly for rotating industrial assets such as motors, gears, and pumps. Their flagship product, Condence.io, is a SaaS platform that integrates advanced communication, vibration analysis, and continuous condition monitoring to enable predictive and prescriptive maintenance. The platform supports global scalability and real-time analytics from sensor data to actionable recommendations, helping customers reduce lifecycle costs and optimize asset reliability and operational excellence. With over 14 years of experience and installations in more than 40 countries, Distence has established itself as a robust partner in industrial digitalization, recently acquired by Megger to expand predictive maintenance capabilities.
Core product: Condence.io — SaaS + edge devices for continuous condition monitoring of rotating machinery
Headquarters: Espoo, Finland
Acquisition: Acquired by Megger (effective November 11, 2024)
Funding highlights: Series A €2.0M (Apr 2016); Series B €3.0M (Nov 1, 2019) — Series B investor listed as Miston
Scale: Installations in 40+ countries; over 14 years of operation
Industrial asset health and predictive maintenance for rotating machinery
2002
Industrial IoT / Predictive Maintenance
€2,000,000
€3,000,000
“Acquired by Megger (effective 2024-11-11); Series B investor listed as Miston”