OSLO, Norway (1 July) – TGS ASA ("TGS"), a
global provider of energy data and intelligence, announced today
that it has acquired Prediktor AS ("Prediktor"), a leading provider
of asset management and real-time data management solutions to
renewable and energy asset owners. Established in 1995, the company
has carried out thousands of installations on mission-critical
industrial and energy assets on all seven continents, enabling
data-driven automated operations solutions and optimization of
asset portfolios.
Prediktor’s software and systems are being utilized on a large
variety of assets, including:
- Benban (Egypt), the world’s largest PV solar plant, built in
2019;
- Dogger Bank (UK), the world’s largest offshore wind farm,
currently under construction;
- Johan Sverdrup oil field (Norway) delivery in 2019, one of the
world’s largest offshore oil & gas assets developed in recent
times;
Based in Fredrikstad, Norway, with 40 employees, Prediktor
counts some of the world’s leading renewable energy producers among
its clients. The company currently supports 7 GW of renewable
energy assets (mainly PV solar), with a solid pipeline of further
installations. The asset management solutions help clients manage
operational risks and optimize asset performance by monitoring
projects, forecasting energy production, recommending actions and
automating decision-making.
Prediktor also provides data management applications that
organize Industrial Internet of Things sensor data (IIoT), helping
clients capture, validate, store and contextualize real-time data.
Globally leading energy and industrial companies are among
Prediktor’s data management customers. Kristian Johansen, CEO at
TGS, commented: "I am very pleased to announce the acquisition of
Prediktor. The company has an impressive track record of providing
cutting-edge data-driven solutions and superior customer service to
energy companies worldwide – a cultural fit with TGS. In February
2021, we introduced our New Energy Solutions initiative, which
provides data and insights for industries actively contributing to
reducing greenhouse gas emissions. Since then, we have launched
several organically-developed data-driven solutions for offshore
wind, geothermal energy and carbon storage, as well as acquired
offshore wind market intelligence provider 4C Offshore, Ltd.
Prediktor will become another important building block for
realizing our vision of creating an energy industry gateway
providing integrated solutions for data and actionable insights to
facilitate decision making, project development and asset
performance management across energy project life cycles and
markets.” Espen Krogh, CEO of Prediktor adds: “Prediktor has
through the past 27 years attracted unique talent in the field of
industrial digitalization, crafting unique and innovative products
and services for our clients. The last couple of years we have
expanded our focus on the Energy Transition, driven by the high
customer demand for our deep industrial experience and field proven
products in this rapidly growing segment.
We are currently in a unique phase of industrial energy asset
building of wind and solar assets at a vast global scale.
Prediktor’s biggest challenge is the ability to scale fast enough
in all our business processes to deliver to our clients’ ambitious
pipeline. In TGS, we see the vision, resources,
agile-get-the-job-done culture and infrastructure to meet this
challenge: TGS is the perfect new home for Prediktor.”
About TGSTGS provides scientific data and
intelligence to companies active in the energy sector. In addition
to a global, extensive and diverse energy data library, TGS offers
specialized services such as advanced processing and analytics
alongside cloud-based data applications and solutions.
About PrediktorPrediktor is a leading provider
of asset management and real-time data management solutions to
renewable- and energy asset owners. The Company uses decades of
experience with industrial digitalization to enable its clients
with data-driven operations and optimization of their asset
portfolios. Prediktor automates asset management of portfolios
using expertise in advanced prediction models and delivers
future-proof solutions and no vendor lock-in with adherence to
digital standards.
Forward Looking StatementAll statements in this
press release other than statements of historical fact are
forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and
are based upon assumptions as to future events that may not prove
accurate. These factors include TGS' reliance on a cyclical
industry and principal customers, TGS' ability to continue to
expand markets for licensing of data, and TGS' ability to acquire
and process data product at costs commensurate with profitability,
as well as volatile market conditions, which have been exacerbated
by the COVID-19 pandemic and the severe drop in oil prices.
Actual results may differ materially from those expected or
projected in the forward-looking statements. TGS undertakes no
responsibility or obligation to update or alter forward-looking
statements for any reason.
For more information, visit TGS.com or contact:
Sven Børre LarsenChief Financial
Officerinvestor@tgs.com
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