Smarteag AG: New shareholder of fibrisTerre
Munich, May 19, 2015 – fibrisTerre Systems GmbH, Berlin based designer and manufacturer of distributed fiber-optic sensing equipment, welcomes Smarteag AG as new majority shareholder. Besides a substantial financial commitment, Smarteag AG brings in a strong competence in market acquisition and product distribution, and connects fibrisTerre to a group of excellence in the field of high-end fiber-optic instrumentation.
The strategic acquisition of 51% of the fibrisTerre shares by Smarteag AG will accelerate growth and technological advancement and ensures that fibrisTerre will continue to define the standard for distributed fiber-optic strain and temperature monitoring in the energy industry, in public transportation and geotechnical infrastructure.
Dr. Nils Nöther, co-founder and managing director of fibrisTerre Systems GmbH, says: „With Smarteag AG, we have found an excellent partner to further establish our unique and industry-leading technology in the wide range of industrial applications that need reliable monitoring solutions.“
For Smarteag AG, the acquisition is an important step in fostering its position in the Smart Infrastructure Technology market. Christian Damjakob, CEO of Smarteag AG, explains: „fibrisTerre’s distributed strain and temperature sensing technology is a perfect fit to the distributed acoustic sensing technology of our portfolio company PiMON. Our approach is gaining value for our customers on the basis of cutting-edge IP-protected sensing technologies. Enriched with proven analytical and predictive tools we enhance the profitability of a broad range of infrastructure assets. Not only fibrisTerre’s technology but also the dynamic and creative minds behind the technology boost our capabilities in that respect.“
About fibrisTerre Systems GmbH
fibrisTerre stands for the latest generation of distributed strain and temperature sensing in optical fibers.
fibrisTerre’s sensing solutions serve the demands on reliable monitoring and process optimization along pipelines, power cables, railway lines and geotechnical infrastructure. The patented all-digital Brillouin frequency domain technology makes them stand out from the competition with industry-leading data accuracy, in-field robustness and power efficiency.
About Smarteag AG
Smart Infrastructure Technology is the business field of Smarteag AG. Backed by listed Venture Capital investor mic AG, Smarteag offers a range of high-tech products and technologies improving infrastructure efficiency, agility and security. Next to its own capacities, Smarteag thrives from the combined knowledge, skills and resources within the mic network.
Contact fibrisTerre Systems GmbH:
Dr. Nils Nöther
Tel.: +49 – 30 6290 1320
Contact Smarteag AG:
Tel.: +49 – 89-244 192 200
Fax:+49 – 89-244 192 230