Deal Announcement: Vaisala Acquires Nevis Technology
Deal Announcement: Vaisala Acquires Nevis Technology
Sector: Maritime, Weather & Environment
Type of deal: Acquisition of shares
Vaisala expands its offering for renewable energy customers with the acquisition of Nevis Technology Limited, a UK-based software, weather monitoring systems, and services company.
Vaisala, a global leader in measurement instruments and intelligence for climate action, has furthered its strategic priority of expanding in energy transition by acquiring Nevis Technology, for an undisclosed sum.
Founded in 2018 and headquartered in Aberdeen, Scotland, Nevis Technology specializes in providing and maintaining helideck and environmental monitoring systems and data portals for the offshore energy industry, with offshore wind parks as a growing customer segment. The company has been growing profitably, reaching net sales of over GBP 1.5 million in 2023.
The acquisition strengthens Vaisala's position as a weather systems and intelligence partner for the offshore wind market. The acquisition will enable Vaisala to offer offshore customers a comprehensive solution combining sensor data and systems with integrated weather forecasting.
Deal announcement date: 31 October 2024
PwC’s role: Financial and tax due diligence
Michael Hardy
Miro Holopainen
Mirva Laaksonen
Saana Vallo
