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Announced

Completed

Previan completed the acquisition of Sensor Networks.

Synopsis

Previan, a provider of remote monitoring technologies, completed the acquisition of Sensor Networks, an engineering and manufacturing company. Financial terms were not disclosed. “Sensor Networks is a fantastic addition to Previan. There is a great fit between us, as we both value innovation and technological leadership and base it on strong customer intimacy and intricate knowledge of the challenges that plague infrastructure and critical assets worldwide. We are obviously excited to add the SNI solutions to our Eddyfi Technologies unit. Additionally, the high-end SNI expertise to Previan and the potential it should also add to NDT Global was a huge driver in this transaction. NDTG is the technology expert in the in-line inspection (ILI) space. Enhancements to the UT, PAUT, and ART sensing capabilities will further improve NDTG’s overall solutions. All in all, I firmly believe that Previan is the perfect homebase for SNI’s next phase of life,” Martin Theriault, Previan Founder, Chairman and CEO.

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