TGS ASA, a global provider of energy data and intelligence, announced today that it has acquired Prediktor AS, a leading provider of asset management and real-time data management solutions to renewable and energy asset owners.

Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling data-driven automated operations solutions and optimization of asset portfolios. Prediktor’s software and systems are being utilized on a large variety of assets, including:

Benban (Egypt), the world’s largest PV solar plant, built in 2019; Dogger Bank (UK), the world’s largest offshore wind farm, currently under construction; Johan Sverdrup oil field (Norway) delivery in 2019, one of the world’s largest offshore oil & gas assets developed in recent times;

Based in Fredrikstad, Norway, with 40 employees, Prediktor counts some of the world’s leading renewable energy producers among its clients. The company currently supports 7 GW of renewable energy assets (mainly PV solar), with a solid pipeline of further installations. The asset management solutions help clients manage operational risks and optimize asset performance by monitoring projects, forecasting energy production, recommending actions and automating decision-making.

Prediktor also provides data management applications that organize Industrial Internet of Things sensor data (IIoT), helping clients capture, validate, store and contextualize real-time data. Globally leading energy and industrial companies are among Prediktor’s data management customers.

Alpha Corporate Finance has acted as financial advisor to TGS in the transaction