Swedish energy specialists, Mittel Group, announced that it acquired energy network monitor Pipeguard. With its previous ownership of 10%, Mittel now owns 65% of the shares in Pipeguard with the remainder owned by Pipeguard’s staff.
The acquisition of Pipeguard is described as strategic for Mittel since monitoring of district energy systems is an integral part of maintaining the systems. Pipeguard’s advanced solutions for monitoring of district energy systems, providing early detection of leaks, and greater compliments Mittel’s other business areas.
”Pipeguard is a perfect match for Mittel”, said Karl-Gunnar Appelblad, CEO, Mittel. “With Pipeguard we can offer our customers and partners in Sweden and the rest of the world a total concept for quality assurance of insulated pipes for heating, cooling etc. Stateview and Pipeguard are similar products which mean that there are synergies in product development, support et al. Our clients will be the eventual winners.”
“District energy systems represent huge investments, with a need to protect these investments and not allow disturbances to harm daily revenues,” concludes Karl-Gunnar Appelblad. “Good maintenance, including early detection of leaks etc, is crucial to optimize the quality of the networks and to maximize their life lengths.”
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