HBM UK Ltd. - PRODUCT NEWS
HBM increases optical expertise with FiberSensing acquisition
Hottinger Baldwin Messtechnik GmbH (HBM) has announced the acquisition of FiberSensing - Sistemas Avancados de Monitorizacao SA - a leading provider of Fiber Bragg Grating (FBG) measurement and monitoring systems for an undisclosed sum. Go4Venture Advisers were the exclusive financial advisor for FiberSensing and its shareholders.
According to Andreas Hüllhorst, Managing Director of HBM, "The acquisition of FiberSensing is consistent with HBM's strategy of adding key technologies that benefit our existing customer base while enabling HBM's sales and marketing team to address new customer segments". FiberSensing will be established under the name HBM FiberSensing SA as the center of excellence for HBM's global optical business.
Mr. Hüllhorst added, "FiberSensing's range of sensors and interrogators along with their optical expertise are a perfect complement to HBM´s Test and Measurement applications, especially in areas like very high strain, electromagnetic interference and hazardous environments. This acquisition will allow us to meet customer needs in both dedicated optical and hybrid solutions. We are delighted that such a dedicated team of optical specialists are joining HBM."
"The FiberSensing team is proud to join HBM, a worldwide reference in the area of test and measurement", said Dr. Luis Ferreira, CEO and co-founder of FirerSensing. "I see this new chapter in the history of our company as a great opportunity to expand the market penetration of fiber optic sensing technologies to an unparalleled level. Together, HBM and FiberSensing will be able to better serve customers at a global scale, helping them to build their own monitoring solutions using high-end instruments, sensors and software."
Professor José Manuel Mendonça, President of INESC Porto, emphasized, "the great success achieved by capitalizing on the scientific work developed over the past decade, which resulted in the founding of FiberSensing."
"FiberSensing has a great team and we believe its integration with HBM will allow the company to realize its full potential powered by the global presence of HBM and its affiliates", said Dr. José da Franca, CEO of Portugal Ventures, the major shareholder of FiberSensing. "This acquisition is a sign of confidence by a global leader in the engineering capabilities and innovation talent existing in Portugal, and we hope it will be a catalyst to establish Portugal as an attractive hub for international investment in technology-based start-ups. We wish HBM and FiberSensing great success in the global journey they are now undertaking together".
FiberSensing is based in Maia / Portugal with sales, R&D and production facilities. The company was founded in 2004 as a spin-off from INESC Porto Research Centre and financed at that time by Portugal Ventures and INESC. It is capable of delivering complete solutions (sensors, measurement units and software) to serve a broad range of applications for customers in both the industrial and R&D market with a focus on bringing the advantages of optical technology to specific applications.
Founded in June 2012, as a result of the merger of the three previously existing state-backed Venture Capital and Private Equity firms, Portugal Ventures (http://www.portugalventures.pt) is driving the fast growth of the entrepreneurial ecosystem in Portugal, focusing its investments in innovative, scientific and technology-based companies. The firm currently manages approximately 450 million in assets. Some Seed phase funds managed by Portugal Ventures are backed by the European Union through funding provided by COMPETE/POR Lisboa to FINOVA, the fund of funds managed by PME Investimentos (http://www.pmeinvestimentos.pt/).
Luis Ferreira, CEO FiberSensing, email@example.com
Thomas Lippok, VP Sales EMEA & South America, HBM, firstname.lastname@example.org
Founded in Germany in 1950, HBM is today the technology and market leader in the field of test and measurement. HBM's product range comprises solutions for the entire measurement chain, from virtual to physical testing. The company has production facilities in Germany, USA and China and is represented in over 80 countries worldwide.
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