Finnish outfit Vaisala has acquired French lidar company Leosphere for €38m to strengthen its position in the remote wind sensing business.
Leosphere specialises in the development, manufacturing and servicing of turnkey wind lidar.
The acquisition will be financed partly with cash and partly through debt, Vaisala said.
It added that the deal supports the company’s weather and environment business area’s “strategy to drive industry leadership and growth through strengthening its position as a global leader providing remote wind sensing technologies, which are relevant for several Vaisala’s key customer segments”.
Vaisala executive vice president weather and environment Jarkko Sairanen said: “Leosphere fits perfectly into Vaisala by complementing weather and environment business area’s offering in remote wind sensing with its high-end ground-based and turbine-mounted wind lidars.
“Leosphere’s team brings deep laser and optical remote sensing competences as well as application expertise to Vaisala’s team. Leosphere is a global technology leader in its area and has high R&D focus, just like Vaisala. We are very excited and happy to welcome Leosphere employees to join Vaisala.”