Norway: Doble Engineering Acquires TransiNor As
TransiNor As (Trondheim, Norway), a provider of diagnostic monitoring systems and services, has been acquired by Doble Engineering Co. The acquisition of the publicly held TransiNor As was completed on Dec. 17, 2003, in the form of a stock purchase. The privately held Doble Engineering Co. now owns a majority interest in TransiNor.
Doble has a strong client community in North America and is aggressively seeking complementary companies and products to expand its presence in new markets. In April 2002, Doble purchased the specialty test division of POWERMANN, a leading U.K.-based electrical engineering company. Shortly thereafter, National Grid awarded Doble a contract for services in the United Kingdom. Subsequently, employees from both POWERMANN and National Grid work at the new facility, Doble PowerTest, located in Guildford, Surrey. This office currently serves as Doble's U.K. base of operations.
Doble is dedicated to improving the safe and reliable delivery of electric power worldwide. The company provides numerous venues and channels for industry professionals to share the latest technical information.
“The acquisition of TransiNor allows Doble to expand our portfolio of diagnostic solutions for our customers who utilize well-recognized technologies and test methods. It also produces synergies in our sales and distribution channels, customers and cultures that will be extremely positive for all concerned,” said Robert A. Smith, president and CEO of Doble. “By leveraging our combined engineering expertise, selling opportunities and operating efficiencies, the addition of TransiNor will result in greater value for both Doble and TransiNor customers.”
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