- Published: 17 December 2013 17 December 2013
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.