CLS acquires TRE and becomes the world leader in highly accurate ground movement measurements using satellite radar images.
CLS, a leading French satellite services specialist and a subsidiary of CNES, Ardian and IFREMER, is pleased to announce the acquisition of TRE (Tele-Rilevamento Europa), an Italian company specializing in the measurement of ground movement by satellite radar sensors accurate to within millimetres. With this acquisition CLS reinforces its position as a key player in the field of terrestrial observation and surveillance.
Created in 2000 and based in Milan, TRE is a spin-off of the Politecnico di Milano which uses a unique algorithm to detect, measure and monitor ground movement phenomena. The acquisition complements CLS’s expertise in this field following its acquisition of the Spanish company ALTAMIRA INFORMATION in 2010. Following this acquisition, the enlarged CLS group will offer the market-leading solution for detecting and measuring ground movement.
CLS group, which has specialized in ocean observation and monitoring for almost 30 years, will now be able to offer high added-value map products for the petroleum, gas, mining infrastructure and environmental surveillance sectors. In addition, TRE and ALTAMIRA INFORMATION will also benefit from CLS’s marketing network and the corresponding synergism as they look to further grow internationally.
The acquisition of TRE, with a workforce of 40 and turnover in 2015 of €7 million, takes CLS’s global workforce to 600 and its projected turnover for 2015 to €107 million. TRE is CLS’s second acquisition this year, following that, in April, of the US company Horizon Marine Inc., a specialist in providing ocean forecasting services for offshore oil companies.
Christophe Vassal, CEO of CLS, explains: “With this new acquisition, CLS strengthens its investment in ground motion monitoring and becomes the global leader in the market. The company also reinforces its international presence in Italy and Canada – where TRE has a subsidiary – greatly increasing our capacity for innovation, and our ability to better serve the demands of international customers.”
Alessandro Ferretti, CEO of TRE, comments: “The synergy between TRE, ALTAMIRA INFORMATION and CLS will create by far the largest provider of surface deformation measurements using satellite radar imagery. With our combined understanding and expertise, and an international team of experts working jointly to develop even more sophisticated and powerful algorithms, there is huge potential for us to develop numerous new application of this technology.”
Roberto Lorenzo, CEO of ALTAMIRA INFORMATION, adds: “On behalf of the whole ALTAMIRA INFORMATION team, we welcome the arrival of this addition to the CLS group. This merger will enable us to provide more competitive, cutting-edge solutions, which will ultimately benefit our clients.”
TRE joins CLS’s international network of offices and subsidiaries: CLS France (Toulouse (headquarters), Brest), CLS America (Washington), CLS Peru (Lima), PT CLS INDONESIA (Jakarta), PROOCEANO (Rio de Janeiro), ALTAMIRA INFORMATION (Barcelona, Calgary), Horizon Marine Inc. (Richmond, Marion USA), NOVACOM Services (Toulouse, Amsterdam, Bidart), CLS Morocco (Rabat), CLS Vietnam (Hanoi), CLS China (Beijing), CLS La Réunion (St Pierre), Cubic-I (Tokyo), Cunlogan (Santiago de Chile), SIT (Melbourne), Es-PAS (Moscow) and KL-Trading (Seoul).
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