Accounting Firms

Johnston Carmichael supports sale of SolaSense to Expro

Johnston Carmichael was engaged by SolaSense to manage the transaction from initial marketing through to deal completion

Johnston Carmichael has supported SolaSense Limited, a distributed fibre optic sensing
company, through its acquisition by Expro, a leading provider of energy services listed on the New York Stock Exchange.

Johnston Carmichael was engaged by SolaSense to manage the transaction from initial marketing through to deal completion.

Based in the UK, SolaSense’s well surveillance technology features data processing and compression software and an enhanced visualisation interface to deliver real-time analysis of distributed acoustic sensing and distributed temperature sensing data.

With its technology now accessible to Expro’s worldwide customer base, the transaction allows SolaSense to “realise its ambition of seeing DFOS being widely utilised as a simple, affordable way to observe and examine performance”.

Graham Alexander, head of corporate finance at Johnston Carmichael, said: “The technology developed by the SolaSense team is a perfect fit for the service offering of Expro and this deal represents a significant milestone for the business.

“We’re delighted to have supported SolaSense in selecting the right partner to bring their innovation to a wider market and achieve the ambitions of the shareholders. Their expertise, together with the experience of the Expro Group, will bring significant value through an enhanced well integrity service.”

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