GP Strategies completes acquisition of Rovsing Dynamics

Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) 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 highlights:

• Adds a new office location in Copenhagen, Denmark for GP Strategies and retains Rovsing Dynamics' business and technical personnel.
• Augments GP Strategies' EtaPRO™ Performance & Condition Monitoring System by adding on-line predictive vibration condition monitoring and diagnostics using Rovsing Dynamics' OPENpredictor™ and AutoDiagnosis™ applications.
• 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."