Poul Due Jensen's Foundation completed the acquisition of a 24.9% stake in Aarhus GeoInstruments.

Poul Due Jensen's Foundation, a Danish commercial foundation, completed the acquisition of a 24.9% stake in Aarhus GeoInstruments, a developer of instruments for large scale geophysical mapping. Financial terms were not disclosed. "This is the foundation's first direct investment, but it is also a very special one of its kind. We have helped develop and finance the tTEM technology over a number of years, and it has proven its worth in several places in climate-exposed areas, benefiting some of the world's most vulnerable people. We would like to continue the journey together with Aarhus GeoInstruments and ensure access to water for even more people. We do this best by investing in AGI and taking responsibility for the spread of this unique technology," Kim Nøhr Skibsted, Poul Due Jensen's Foundation Fund Director.