PRYSMIAN GROUP ACQUIRES THE SWISS OMNISENS S.A., LEADER IN LONG-DISTANCE FIBRE OPTIC SENSING SOLUTIONS FOR THE MONITORING OF CRITICAL INFRASTRUCTURES

Milan, 12 November 2021 - Prysmian Group world leader in the energy and telecom cable systems industry announces that it has completed the acquisition of Omnisens S.A., a leader in high performance fiber-optic based monitoring solutions for a safer and more efficient use of critical infrastructures.

The acquisition, a transaction valued CHF 18.8 million, is in line with Prysmian Group’s strategy to grow and reinforce its value-added businesses, continuously increasing its drive towards a digital, remote and electrified global industrial transformation.

Prysmian Group, through Prysmian Electronics, the unit entirely dedicated to asset monitoring solutions, offers its PRY-CAM portfolio of patented technologies, products and services for condition-based monitoring of electrical assets to major TSOs and DSOs. PRY-CAM monitoring solutions are successfully in use in major power grids worldwide, including Italy, UK, Middle East, China, USA and Singapore.

Omnisens’ advanced DTS/DAS technology is a complementary add-on to the Group’s monitoring solutions range, enhancing opportunities to target a business with a long-term growth trend and unlocking significant commercial synergies.

Established in 1999 and based in Morges, Switzerland, Omnisens S.A. is a leader in long-distance fibre optic sensing solutions for effective real-time asset integrity monitoring. It operates worldwide, either directly or through specialized solution providers, via dedicated application, commissioning and customer service teams.