FLiDAR NV acquired by AXYS Technologies

AXYS Technologies Inc (AXYS) today announced it has signed a definitive agreement to acquire 100% of the FLiDAR NV shares.

Canadian-based and privately-held, AXYS has been a market leader in environmental monitoring for the last 40 years. In 2009, AXYS developed the WindSentinel floating LiDAR to meet the wind resource assessment needs of the offshore wind industry. The WindSentinel has since evolved into a dual-LiDAR platform, the most reliable and data-redundant floating LiDAR in the world.

Belgium-based FLiDAR was formed in 2011 as a joint venture between 3E and Offshore Wind Assistance (part of the DEME group) to become a world-leading provider of floating LiDAR offshore wind measurement technology, well-known for its proven accuracy and exceptional European service team.

Together, AXYS and FLiDAR are the leading supplier of floating LiDAR systems worldwide.

Terry Tarle, AXYS President & CEO comments, "AXYS and FLiDAR share the vision of delivering the highest quality data to offshore wind developers of fixed and floating wind farms worldwide. By combining the strengths of both companies, this alliance will enable current and future clients to benefit from a deeper expertise in wind resource data collection, a wider offering of offshore measurement solutions, and an agile service team able to cover projects globally. "

"We are excited about the accelerated growth opportunities that this acquisition will bring for FLiDAR and our ability to meet more of our clients' needs," says Reinhardt Stevens, General Manager at FLiDAR. "We look forward to expanding our offering internationally to include metocean and wave buoys."

AXYS has plans to expand the capabilities of the current FLiDAR office in Belgium to include AXYS' other offshore measurement offerings such as metocean buoys, TRIAXYS wave buoys, and the AXYS-APS Geo-portal. AXYS will centralize its' complete European sales, service and engineering team from this new office which aims to continue product development through R&D projects which involve customers, strategic suppliers and commercially-focused research centers.

The acquisition closed August 31, 2015. Contract terms have not been released.

For more information on AXYS, becoming a strategic partner, or R&D initiatives please send an email to info@axys.com.

AXYS Technologies (AXYS) is an ISO 9001 registered Canadian company with over 40 years of experience in the design, manufacture and installation of remote environmental monitoring systems worldwide. We apply our knowledge and experience to marine, freshwater, and offshore wind resource assessment systems that measure aquatic, oceanic, and atmospheric parameters specific to clients' needs. AXYS has built and commissioned more than 500 meteorological and oceanographic systems of various types around the world, in over 50 countries. For further information contact AXYS at: info@axys.com or www.axystechnologies.com.

FLiDAR N.V. Now a wholly owned subsidiary of AXYS Technologies Inc., FLiDAR N.V. was a joint venture established between 3E and OWA (DEME group), to build, service and commercialise a floating LiDAR based measurement device. It combines the experience of 3E, an independent consultant with more than 12 years of experience in offshore wind, OWA, a daughter company of DEME, the LiDAR supplier Leosphere and the buoy supplier Mobilis. For further information visit the website at www.flidar.com.

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