Zeitview Acquires Heliolytics, Becoming The Market Leader In Solar Aerial Inspections

Sep 06, 2023•almost 2 years ago

Acquiring Company

Zeitview

Acquired Company

Heliolytics

Santa MonicaArtificial IntelligenceSoftware

Description

Zeitview today takes the lead in advanced aerial inspections for energy and infrastructure by acquiring Heliolytics, which specializes in photovoltaic (PV) system performance via aerial inspection and integrated analytics. The acquisition of this former division of NovaSource Power Services enables the combining of Heliolytics' data insights with Zeitview’s expertise in aerial inspection technologies. The majority of Heliolytics staff will join Zeitview, and the team’s presence in Toronto, Canada, will continue. The amount of the deal was not disclosed.

Company Information

Company

Zeitview

Location

Santa Monica, California, United States

About

Zeitview is the market leader in visual AI for critical infrastructure, serving customers across telecom, wind, solar, property, and utility sectors. Zeitview provides full lifecycle asset analytics and visualization, helping the world’s largest enterprises prevent catastrophic failures, predict risk, and optimize maintenance spend across their portfolios. With more than 200,000 assets inspected in over 80 countries, Zeitview enables owners and operators to reduce risk, streamline operations, and make smarter capital allocation decisions.

Related People

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed