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Proserv buys stake in Synaptec

29 September 2022

Global controls technology company Proserv has acquired a minority stake in Glasgow-based power system monitoring expert, Synaptec. The deal, announced September 28, builds on their strategic alliance, formed in October 2020.

Proserv led the consortium that included Synaptec and subsea power cable engineering and consultancy specialists BPP Cable Solutions to innovate the pioneering holistic cable monitoring system, ECG™, for the offshore wind segment.

The potential capabilities of ECG helped it to win £1mn development funding from Innovate UK in 2021, alongside subsequent industrial sponsorship from ScottishPower Renewables and Equinor, operators of the Dogger Bank offshore wind-power project.

Combined companies’ logos (source: Proserv)

Proserv’s VP, Renewables, Paul Cook, said the close working relationship with the Synaptec had led to disruptive new solutions to support the offshore wind space. “We look forward to further collaboration as we seek to identify more opportunities where we can deploy our know-how right across the energy sector,” he added.

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