Rovsing Dynamics A/S has been acquired by GP Strategies Corporation, a global performance improvement solutions provider. The transaction involves all operating assets of Rovsing Dynamics' as well as the company's' contract backlog and personnel. Financial terms of this transaction have not been disclosed.
Rovsing Dynamics provides vibration condition monitoring hardware and software, enabling operators of rotating machinery to manage downtime by early fault detection.
By this acquisition, GP Strategies adds a new office in Copenhagen, Denmark, retaining Rovsing Dynamics' business and technical personnel. GP Strategies augments its EtaPRO Performance & Condition Monitoring System by adding on-line predictive vibration condition monitoring and diagnostics using Rovsing Dynamics' OPENpredictor and AutoDiagnosis applications. GP Strategies also extends its global performance engineering reach into Russia, Brazil and China for the oil and gas, maritime and wind power industry services.
"The addition of the Rovsing Dynamics technologies completes a trifecta of performance and condition monitoring technologies to include vibration, thermodynamics and predictive analytics. While each of these technologies is powerful in its own right, combining the three provides a more complete picture of the health of a machine or process," said Richard DesJardins, Vice President of GP Strategies' Energy Services Group. "Joining GP Strategies provides opportunities for offering OPENpredictor to their clients and allows us to broaden our offering to include EtaPRO technologies," said Thea Larsen, CEO of Rovsing Dynamics. "Customers will benefit from a combined four decades of performance and condition monitoring experience and expertise gained by the two companies."
Oaklins' team in Denmark advised the seller in this transaction.
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