ENVINET GmbH (“Envinet”) has been sold to Scienta Scientific AB (“Scienta Scientific”). Based in Munich, Germany, ENVINET is the market leader in area monitoring radiation protection networks with installations in over 70 countries. Area monitoring networks are used for civilian protection against nuclear radiation incidents. Envinet provides solutions based on gamma radiation detection.
Scienta Scientific is already active in radioactive monitoring through its business area Scienta Sensor Systems. Scienta Sensor Systems provides early warning systems for radioactive incidents based on airborne Xenon detection.
Scienta Sensor Systems and Envinet will together create the new application area Environmental Protection within Scienta Scientific under the joint brand Scienta Envinet. The strengths of area monitoring from Envinet, early warning systems by Scienta Sensor Systems together with the global sales and service reach of Scienta Scientific will create a unique competitive position to support customers with complete Radiation Protection Network solutions.
EC M&A acted as M&A advisor to Envinet on this transaction.