September 14, 2020
Technology, Software, Semiconductors and Electronics, Industrials and Industrial Technology
GCA Advises fos4X on Its Sale to PolyTech
GCA has advised the shareholders of fos4X, an innovator in fiber optic sensor technology and data analytics, on the sale to PolyTech, a developer and manufacturer of products and systems for OEMs and owners in the wind industry. The acquisition of fos4X strengthens PolyTech’s position as a blade technology specialist.
Founded in 2010, fos4X combines fiber optic sensors, state-of-the-art signal processing and scalable IIoT infrastructure. With 100 employees and operations in Germany and China, the company has developed innovative fiber optic sensor technology for the wind industry and registered more than 130 patents to date. The technology developed by fos4X utilizes data-driven approaches such as machine learning to digitize and optimize existing and new wind turbines. Its intelligent solutions are used by wind turbines all over the world to optimize their operations.
PolyTech, which has been owned by Verdane Capital since 2016, specializes in solutions that improve the performance and protection of wind turbine blades for newbuild and retrofitting to reduce the overall Levelized Cost of Energy. Its products include lightning protection systems, leading edge protection, blade add-ons and transport solutions. PolyTech is growing rapidly and since 2013 has increased from 35 to 700 employees across its operations in Denmark, the United States, China and Mexico.
Wind turbine rotor blades play a key role in the pursuit of more efficient wind energy production. In recent years, wind turbine producers have achieved immense progress in innovative blade design, crafting blades that are longer, stronger and able to harvest more wind energy than ever before. Enhancing the blades through digital technology and advanced data analysis will allow wind turbine operators to optimize operations and maintenance through intelligent use of real-time data – and that is where the acquisition of fos4X strengthens PolyTech’s expertise.
“As a founder, I could not wish for a better match. As part of PolyTech, our intelligent sensor and software solutions will be further developed and the fos4X vision of abundant clean energy will be driven even more strongly than before,” said Dr. Lars Hoffman, CEO of fos4X.