Dräger Acquires GasSecure for NOK500M

GasSecure, an Oslo, Norway-based startup which develops, markets and sells wireless optical gas detector for demanding industrial applications, has been acquired by Dräger Holding International GmbH for 500 mNOK.

The company will strengthen Dräger’s portfolio within gas detection with its wireless gas detector for the oil and gas industry.

Founded by CEO Knut Sandven in 2008 based on core technology from SINTEF, with R&D Director Håkon Sagberg joining in 2009, GasSecure has been financially supported by Viking Venture, Investinor, ProVenture Seed and SINTEF since 2010.

Dräger will continue to keep GasSecure with its 11 employees as a separate company under the leadership of founder and CEO, Knut Sandven.




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