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Launchpad, the business development branch of BP, has bought the majority stake in fibre optic innovation company Fotech. Fotech was founded in and develops fibre optics products for transportation, smart cities, energy and the security sector. Its headquarters are in Fleet, UK.
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Fotech Solutions Limited (“Fotech”) has been sold to BP plc (“BP”) [BMV: BPN], a British multinational oil and gas company, by EV Private Equity (“EVPE”). Fotech is an innovative technology company focused on developing and deploying advanced fibre optic sensing targeting the security, smart cities, and oil and gas sectors.
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FOTechHub
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BP acquires fibre optics developer Fotech
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Fotech has been sold to BP
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Fotech. Fotech’s patent-protected Distributed Acoustic Sensing technology provides linear, real-time measurement of vibrations over every metre of assets, from pipelines to cables, at distances of over 50km. It has powerful applications in markets as diverse as smart cities and security.
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Fotech is a bp Launchpad company that provides fibre-enabled solutions and insights for smart cities, infrastructure, security and pipeline sectors.
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