26 September 2012

GP Strategies acquires Denmark-based Rovsing Dynamics

Elkridge, Md. – 26 September 2012 (PRNewswire) - Global performance improvement solutions provider GP Strategies Corporation announced that it has completed its acquisition of operating assets of Rovsing Dynamics, a provider of vibration condition monitoring hardware and software. The Rovsing Dynamics technologies enable owners and operators of rotating machinery to manage equipment downtime by providing early detection of developing faults. The acquisition also includes Rovsing Dynamics' contract backlog and personnel. 

Acquisition adds a new office location in Copenhagen, Denmark for GP Strategies and retains Rovsing Dynamics' business and technical personnel. It also extends GP Strategies' global performance engineering reach into Russia, Brazil and China for oil and gas, maritime and wind power industry services. 

"The addition of the Rovsing Dynamics technologies completes a trifecta of performance and condition monitoring technologies to include vibration, thermodynamics and predictive analytics. While each of these technologies is powerful in its own right, combining the three provides a more complete picture of the health of a machine or process," said Richard DesJardins, Vice President of GP Strategies' Energy Services Group. 

"Joining GP Strategies provides opportunities for offering OPENpredictor to their clients and allows us to broaden our offering to include EtaPRO technologies," said Thea Larsen, CEO, Rovsing Dynamics. "Customers will benefit from a combined four decades of performance and condition monitoring experience and expertise gained by the two companies." 

GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of sales and technical training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. 

Source: GP Strategies