Having recently collaborated with IRENA to support plans for its Africa Clean Energy Corridor solar installation initiative, environmental and industrial measurement firm, 3TIER has been acquired by Vaisala for €10.7 million.
Vaisala said that the renewable energy market had become a key strategic focus for the company, which it expects with the 3TIER acquisition to provide significant growth opportunities in regions such as Brazil, Nordic countries, China, Australia, India and the US.
“3TIER brings Vaisala valuable capabilities in renewable energy assessment and forecasting services applicable across our other segments as well,” said Kai Konola, Executive Vice President of Vaisala.
The company noted that it would be able to create a full service renewable energy observation and information services business.
According to the company, 3TIER had revenue of US$9.0 million in 2012 and employed 55 people.