U.S. company Digi International has acquired Norwegian sensor maker Disruptive Technologies for roughly NOK 1.3 billion. Board members and investors highlighted that Disruptive Technologies has gained speed in the U.S. market, a development they credit to focused efforts and the company’s leadership under founder Erik Fossum Færevaag.
Those involved said the buyer brings a larger distribution network and the ability to get products to market more broadly. After a period of challenging years, Disruptive Technologies had recently built momentum; the board and investors felt the timing was right for a transaction that would place the company with a strong new owner and address needs for significant future investment.