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Alder acquires Gasmet Technologies Oy

Source: www.gulfoilandgas.com 4/23/2015, Location: Europe

Gasmet Technologies Oy (Gasmet), one of the world’s leading manufacturers of gas monitoring equipment, is a technology innovator within the environmental instrumentation sector. The company’s products are employed globally in regulatory monitoring, process control and environmental/safety applications by some of the world’s major organisations. With ambitious growth plans, Gasmet recognises the need for significant investment and has therefore agreed the sale of 100% of Gasmet shares, for an undisclosed sum, to Nordic growth capital investor, Alder. Gasmet’s existing management team will continue running the company.

“Climate change and environmental protection represent two of the world’s greatest challenges, so Gasmet is ideally placed to exploit the opportunities that they present. For over 15 years Gasmet has established clear technological leadership in its markets and has built a sound foundation for future growth. This acquisition is a long-term investment to help drive Gasmet‘s future success in accordance with our strategy to support the development of strong Nordic companies in the environmental technology sector,” says Dag Broman, Partner at Alder.

“We are delighted to have secured this investment,” says Gasmet’s resigning Chairman and previous majority owner Dr Petri Jaakkola. “Gasmet has developed innovative, robust technologies that comply with relevant international standards, and we have established a global network of highly trained subsidiaries and distributors that deliver excellent service, so we have a solid platform for growth. Alder has a strong track record in helping environmental technology companies to realise their potential so there is a good fit between the two organisations.”

With longstanding experience in various management positions in the gas analysis market with Sick, Maihak and Durag, Jens Hohne has been appointed the new Chairman of the Gasmet Board. He says: “Combining deep expertise with complete ownership of FTIR gas analysis technology, Gasmet delivers superior value to the environmental and process markets, which creates highly interesting opportunities in both existing and new markets, and I am very excited to be part of the new team to help realise this potential.”

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