International Merger of eologix and Ping

May 2023

Merger Announcement : eologix, an Austrian green tech company, merges with Australian sensor company Ping to enhance wind turbine monitoring solutions.

Comprehensive System : The combined expertise will offer a unique, holistic product family for real-time rotor blade condition monitoring.

Market Impact : The merger aims to create a leading provider in the global wind power generation market.

Enhanced Applications : The joint system will improve blade damage detection, icing measurement, pitch angle measurement, and more.

Operational Benefits : The system will help avoid unnecessary downtime and reduce repair costs by providing early damage detection.

Global Presence : eologix will remain in Austria, Ping in Australia, serving a global market with almost 2,000 turbines equipped in 27 countries.

Launch Timeline : The first joint product will be launched in 2023 under the new company name.

For more details, you can visit the sources: Phoenix Contact Innovation Ventures and eologix-Ping.