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Private Equity

PE HUB | PE-backed CLS acquires TRE

by pehub.com posted 2years ago 14489 views
Paris, November 10th 2015 – 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...