Senceive Ltd (“Senceive”) has been sold to Eddyfi NDT Inc. (“Eddyfi/NDT”). For over 15 years, Senceive has pioneered the development of intelligent wireless enabled condition monitoring for industrial applications within the IoT (Internet of Things) space. Since formation in the research labs of University College London in 2005, Senceive’s experts were among the first to recognize the immense potential of easy-to-use, precise, reliable, and long-life wireless remote monitoring, explicitly for the challenging and risk conscious civil engineering, rail, and mining environments. Senceive employs 60 people and operates in 40 countries.
Based in Montreal, Quebec, Canada, Eddyfi/NDT is a fast-growing, innovative, and private industrial technology group focused on advanced diagnostic technologies to monitor the world’s infrastructure health. The Group serves asset owners, large engineering firms, and service companies globally in markets such as Aerospace, Civil Infrastructure, Energy, Mining, Power Generation, and Rail. The company employs over 1,300 people throughout 28 offices worldwide and serves clients in more than 110 countries.
Senceive will join Eddyfi/NDT as a separate entity and become the group’s fifth platform and business unit, continuing to operate under the Senceive name. In addition, with this acquisition, Eddyfi/NDT reaches an important milestone of 10 acquisitions within the past 5 years.
EC M&A acted as exclusive M&A advisor to Senceive on this transaction.