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Windtech International July August 2024 issue

 

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Vaisala strengthens its position in the renewable energy market through the acquisition of 3TIER Inc., a US-based company with US$ 9.0 million net sales in 2012 and 55 employees.
 
The value of the deal is € 10.7 million. Vaisala is using its existing cash balance to finance the transaction. Vaisala's strategic intent has been to build a stronger position in the renewable energy sector. The acquisitions of Second Wind in August and 3TIER are logical steps, and together with Vaisala's offering create a full service renewable energy observation and information services business.
 
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