Techimp Group, of Italy, has acquired Cablewise online condition assessment services from Kent-based Novinium, Inc., which serves more than 300 utility and industrial customers across the globe.
This transaction is part of a new alliance between the two companies to enhance the service offering to their customers and focus on activities where they enjoy global leadership positions: cable life extension for Novinium and partial discharge monitoring for Techimp, according to a Novinium media release on Nov. 23.
The Cablewise business is active in the area of online partial discharge (PD) testing of power cables. It was founded in 1998 as one of the first companies providing online power cable diagnostic testing services in North America. Cablewise testing operates in North America and Germany with licensees in Korea, South Africa, Australia, and UAE. The acquisition of the Cablewise brand is a major step in Techimp’s objective to strengthen its presence in North America and Germany and expand its global online cable testing offering.
Novinium will continue to offer online PD testing. The alliance will improve Novinium’s diagnostic product and service offerings by tapping Techimp’s deep technical expertise. The divestiture of Cablewise testing to Techimp allows Novinium to focus its R&D efforts on cable life-extension technology.
“The alliance between Techimp and Novinium is extremely beneficial as it optimizes the expertise of each organization,” said Glen Bertini, Novinium’s president and chief executive officer. “This transaction enables Novinium to focus on new innovation as well as our continued development in cable rejuvenation and other infrastructure life-extension technologies.”
Kurt Hakansson, chief executive officer of Techimp, said, “This transaction was a logical step for Techimp as a global leader in condition monitoring technologies. This has significantly strengthened our service offering in North America and Germany and allows us to serve our customers better in those key markets.
About Novinium:
Novinium’s patented injection process rejuvenates and extends the reliable life of cable up to 40 years. Founded on 28 years of industry experience by the inventors of cable rejuvenation, Novinium’s technology solutions address circuit owners’ infrastructure problems at a fraction of the cost of existing methods, and save energy and natural resources by eliminating the need for additional production of copper and polymers for new cables.
For more information, go to novinium.com.
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