Toronto, Canada – Kinectrics Group (“the Company”), a privately owned, global provider of life cycle management services to the electric power industry, is pleased to announce that it has closed its acquisition of Gnosys Global Ltd. Based out of Guildford, UK.
Gnosys is an industrial innovation accelerator with a history of leading large R&D projects and exploiting intellectual property rights for UK’s energy sector.
“This is an exciting company to work for. We are committed to growing our existing product & service portfolios by investing in technology and innovation,” states David Harris, CEO of Kinectrics. “This acquisition provides a more complete and mature technology development framework that really strengthens our early-to-mid phase development capability.”
The acquisition adds a group of professional scientists, a suite of patents & trademarks and an independent UK facility, located in the University of Surrey Research Park, for innovation and delivery that can be integrated with our existing innovation program initiatives and University partners in Canada. The UK base will allow Kinectrics to more effectively sell group-wide products & services and penetrate Europe’s Nuclear, Transmission & Distribution industries.
The combined entities share similar values, technical credibility and a demonstrated history of providing innovative solutions to complex problems. By integrating complementary teams in the areas of life cycle management, inspection techniques, data analytics and high-performance functional materials, the Company possesses the ability to fast track new products and services to market.
Together, through well-structured R&D and innovation programs, the Company’s goal will be to improve customers’ business by addressing their technical challenges, reducing operating costs and improving productivity, safety and reliability of their assets and operations.
About Kinectrics
Kinectrics is the category leader in providing lifecycle management services for the electricity industry. Trusted by clients worldwide, our expertise in engineering, testing, inspection, and certification is backed by our independent laboratory and testing facilities, a diverse fleet of field inspection equipment and an award-winning team of over 1,100 engineers and technicalexperts. From initial design and type testing to operational deployment and maintenance services, Kinectrics collaborates closely with customers to ensure that utility assets perform safely, reliably and efficiently throughout their entire lifecycle. Learn more at www.kinectrics.com and follow us on Twitter, LinkedIn and YouTube.
