Prysmian buys Swiss fiber optic monitoring provider

Italian cabling giant Prysmian Group has completed the acquisition of Switzerland-based fiber optic monitoring solutions provider Omnisens.

The acquisition is said to be in line with Prysmian’s strategy to grow and reinforce its value-added businesses, increasing its drive towards a digital, remote and electrified global industrial transformation.

The transaction is valued at CHF 18.8 million (approximately EUR 17.8 million).

According to Prysmian, Omnisens’ 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.

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Established in 1999 and based in Morges, Omnisens operates worldwide, either directly or through specialized solution providers, via dedicated application, commissioning and customer service teams.

The Swiss company recently secured a contract to provide a cable monitoring system for the 1 GW Nemo Link interconnector between the UK and Belgium.