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Announced

Completed

Eddyfi/NDT completed the acquisition of Senceive from UCLB.

Synopsis

Eddyfi/NDT, a technology group, completed the acquisition of Senceive, a developer of intelligent wireless enabled condition monitoring systems, from UCLB, a technology transfer company. Financial terms were not disclosed. “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 condition monitoring sector. 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," Graham Smith, Senceive CEO.

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