Eddyfi/NDT acquires Senceive
01/07/2021
Eddyfi/NDT has announced the acquisition of London-based Senceive Ltd (Senceive), a world leader in the design, manufacture and continuous improvement of wireless condition monitoring (CM) technology that meets the challenges of complex infrastructure needs in a wide range of industry sectors. Senceive will join Eddyfi/NDT as a separate entity and become the group’s fifth platform and business unit, continuing to operate under the Senceive name. In addition, with this acquisition Eddyfi/NDT reaches an important milestone of ten acquisitions within the past five years.For over 15 years, Senceive has focused on bringing the very best intelligent wireless-enabled CM to industrial applications within the Internet of Things (IoT) space. Senceive’s experts were among the first to recognise the immense potential of easy-to-use, precise, reliable and long-life wireless remote monitoring, explicitly for the challenging and risk-conscious civil engineering, rail and mining environments. In doing so, they empowered those responsible for infrastructure management, construction and maintenance to proceed with confidence.
“Eddyfi/NDT has always valued the importance of confidence in asset owners’ decision-making and understands the pivotal role that remote monitoring plays in keeping both people and infrastructure safe. We are no strangers to the concept of repeatable, high-quality data for integrity management. Today, with the acquisition of Senceive, we are taking our first steps in infrastructure monitoring; a critical, dynamic and huge market segment powered by innovation and technological advances. The timing is perfect to increase focus on this sector, with the global pandemic clearly demonstrating the need to minimise site visits by using wireless remote monitoring solutions,” said Martin Theriault, CEO of Eddyfi/NDT.
“With the strength within our Group and experience across other challenging industry sectors, we believe we can be the ‘go-to company’ for infrastructure monitoring around the world. Within Senceive, we have seen a lot of what has made us successful so far: they are a company that is well managed and established, they are growing rapidly and are respected and genuine leaders. Furthermore, and most importantly, they are driven by their global customer base, sparking product innovation and daring to challenge conventions for the greater benefit of the global community,” added Martin.
Graham Smith, Senceive’s CEO, stated: “Joining Eddyfi/NDT is an extremely exciting opportunity for everyone at Senceive and will provide significant strategic, financial and commercial benefits to reinforce and enhance our market leadership in the wireless-enabled remote CM sector. The business has been growing at a rate of 50-100% over recent years and the opportunities for continued high levels of growth, both organically and through selective acquisitions, are huge, with the existing platforms of people and technology that we have built over 15 years. We think this partnership brings together two outstanding and complementary brands ready to take on new challenges together. Already, I can see that Senceive and Eddyfi/NDT’s teams are true kindred spirits, sharing the same will to succeed and to be recognised globally as the de-facto standard for all clients and partners across our applications. I believe we will now have the resources, investment, backing and imagination to make that a reality.”
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