World’s leading cable company acquires Omnisens

The acquisition, a transaction valued CHF 18.8 million, is in line with Prysmian Group’s strategy to grow and reinforce its value-added businesses, continuously increasing its drive towards a digital, remote and electrified global industrial transformation.

Based in Morges, Omnisens operates throughout the world, either directly or through specialized solution providers, via dedicated application, commissioning and customer service teams. A leader in long-distance fiber optic sensing, Omnisens has pioneered effective real-time asset integrity monitoring solutions for critical oil and gas, power and civil engineering infrastructures.

Using fiber optic-based sensing Omnisens offers continuous, reliable monitoring for energy industry assets. A range of solutions is available for early detection and location of events which may threaten the integrity of the asset. These techniques provide condition monitoring, asset optimization and intrusion detection, based on small changes in temperature, strain and vibration.

Omnisens’ advanced technology is a complementary add-on to Prysmian’s monitoring solutions range, enhancing opportunities to target a business with a long-term growth trend and unlocking significant commercial synergies.

Headquartered in Milano, Prysmian operates in 50 countries worldwide with about 28’000 employees. Each year, the Group manufactures thousands of miles of underground and submarine cables and systems for power transmission and distribution, as well as medium and low voltage cables for the construction and infrastructure sectors. In addition, Prysmian produces a comprehensive range of optical fibres, copper cables and connectivity systems for voice, video and data transmission for the telecommunications sector.

(Press release / SK)