in News Departments > New & Noteworthy
print the content item

Finland-based Vaisala has acquired 3TIER Inc., a Washington-based renewable energy assessment and forecasting services company with 55 employees, for $14.7 million. This follows Vaisala's acquisition of Massachusetts-based Second Wind in August.

The majority of 3TIER's business comes from the wind energy market, but the company also serves customers in the solar and hydro energy markets. Vaisala says 3TIER complements its environmental sensing business, and 3TIER's international distribution network will provide growth opportunities in Brazil, Nordic countries, China, Australia, India and the U.S.

"The renewable energy market is a focus area of Vaisala's Weather business, and the acquisition of 3TIER, with its wind and solar energy emphasis, aligns perfectly with Vaisala's strategy,” says Kai Konola, executive vice president of Vaisala Weather Business.

“Wind energy represents an extensive market with long-term growth opportunities,” Konola continues. “3TIER brings Vaisala valuable capabilities in renewable energy assessment and forecasting services applicable across our other segments as well.”

Vaisala says it is using its existing cash balance to finance the transaction.





Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015