Altran has announced that it has made a minority equity investment in the H2Scan – a specialist in analysers for measuring hydrogen concentration in oil and mixed gases environments.
Altran will also become a board member of H2Scan.
H2Scan serves the power industry, petrochemical and oil refinery markets. The company is committed to use Altran as its development partner to support the development of the design of custom system solutions for its customers, the development of a new, lower cost sensor and ASIC, the development support for production efficiency initiatives.
Dominique Cerutti, Chairman and CEO of the Altran Group, said: "I am very happy to announce this partnership with H2Scan, which is the ideal partner for Altran to be right in the heart of the Internet of Things for Energy. This alliance is fully aligned with our strategy in the US, contributing to transforming Altran's energy business into a higher value digitalised global offering. By teaming up with H2Scan, we will also further reinforce our relationship with major OEM players worldwide."
Mike Allman, Chairman and CEO of H2scan, said: "I am pleased to have H2scan aligned so closely with a global Engineering and R&D service leader such as Altran. Altran has already proven that they can shorten the lead time and provide a cost effective solution for new products and designs as an IoT provider."
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/10032017/altran-invests-in-h2scan/