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Novinium and Techimp Announce Partnership. Cablewise Now Part of Techimp.

November 23, 2015

Novinium and Techimp Announce Partnership. Cablewise Now Part of Techimp.

Kent, Washington, USA — November 23, 2015 — Techimp® Group has acquired Cablewise® online condition assessment services from Novinium®
Inc. This transaction is part of a new alliance between the two companies to enhance the service offering to their customers and focus on activities where they enjoy global leadership positions: cable life extension for Novinium and partial discharge monitoring for Techimp.

The Cablewise business is active in the area of on-line partial discharge (PD) testing of power cables. It was founded in 1998 as one of the first companies providing on-line power cable diagnostic testing services in North America. Cablewise testing operates in North America and Germany with licensees in Korea, South Africa, Australia, and UAE. The acquisition of the Cablewise brand is a major step in Techimp’s objective to strengthen its presence in North America and Germany and expand its global on-line cable testing offering.

Novinium will continue to offer on-line PD testing. The alliance will improve Novinium’s diagnostic product and service offerings by tapping Techimp’s deep technical expertise. The divestiture of Cablewise testing to Techimp allows Novinium to focus its R&D efforts on cable life-extension technology, where Novinium enjoys global leadership. Novinium intends to extend that leadership with new product and service initiatives.

“The alliance between Techimp and Novinium is extremely beneficial as it optimizes the expertise of each organization,” said Glen Bertini, Novinium’s president and chief executive officer. “This transaction enables Novinium to focus on new innovation as well as our continued development in cable rejuvenation and other infrastructure life-extension technologies.”

Kurt Hakansson, chief executive officer of Techimp, announced, “This transaction was a logical step for Techimp as a global leader in condition monitoring technologies. This has significantly strengthened our service offering in North America and Germany and allows us to serve our customers better in those key markets.

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