Last checked at 27 Sep 2011 07:00
27 September 2011
Ubisense Group plc
Acquisition of US geospatial location solutions business
Ubisense Group plc (AIM: UBI, "Ubisense" "the Group"), the market-leading location solutions company, has acquired Integrated Mapping Services Inc ("InMaps"), a US-based company focused on delivering geospatial business solutions to electric and gas utilities, for $700,000 in cash.
InMaps' provides a suite of products, integrated with GPS and geospatial products such as GE Smallworld, to help utilities improve reliability and comply with industry regulations.
The acquisition of InMaps strengthens Ubisense's offering in the electric and gas industries and solidifies the Group's position as one of the world's leading location solutions companies. InMaps will become part of the Group's Geospatial division and will operate under the Ubisense name.
In the year to 31 December 2010, InMaps had revenues of over $1m.
Richard Green, Ubisense CEO, commented:
"The products that InMaps has developed for the gas industry are a perfect fit with our own offering and the direction we are taking our Geospatial business.
"System safety and reliability are increasingly complicated and critical issues for gas and electric utilities. With the acquisition of InMaps, we will now be able to deliver a comprehensive suite of geospatial business solutions which will help our customers meet these challenges with the best available technologies."
Enquiries:
Ubisense www.ubisense.net | |
Richard Green, Chief Executive Officer | +44 (0) 1223 535170 |
Gordon Campbell, Chief Financial Officer | |
College Hill | +44 (0) 20 7457 2020 |
Adrian Duffield / Jon Davies | |
Canaccord Genuity Simon Bridges/Henry Fitzgerald-O'Connor | +44 (0) 20 7050 6500 |
Note to editors
Ubisense is the market-leading location solutions company, delivering mission-critical enterprise asset tracking and geospatial systems that bring visibility and control to previously intractable business processes. The Group operates in two divisions, RTLS and Geospatial.
Through its RTLS division, Ubisense is a world leader in real-time location solutions allowing companies to track assets (such as tools, people and vehicles) within factories and other indoor environments in real time in three dimensions. Ubisense's end-to-end Real Time Location System (RTLS) solutions provide dynamic and precise indoor tracking of assets, helping its clients, which are primarily in the automotive, aerospace and transportation industries, to bring visibility and control to business processes thereby helping to lower costs and drive logistical efficiencies.
The Geospatial division uses Ubisense's expertise in location solutions to help large infrastructure companies, such as utilities and telecom companies, to map, plan, manage and optimise their networks across large geographic areas.
Ubisense is headquartered in Cambridge, UK and has offices in the USA, Canada, France, Germany, Singapore and Korea. For more information please visit: www.ubisense.net
About InMaps
Since 1996, InMaps has been creating geospatial business solutions for natural gas and electric utilities. The Company is an acknowledged expert in deploying, customizing, and managing Smallworld systems.
InMaps's newest product, VeroTrack® Automated Survey Tracking (AST) automates record keeping for natural gas leak surveys. Developed in conjunction with the Gas Technology Institute, VeroTrack AST is a unique solution that integrates with multiple GIS platforms.