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Friday, Apr 19, 2024

French Firm Buys Stake in H2Scan

French engineering services company Altran Technologies SA has taken a minority stake in H2Scan, a developer of hydrogen sensors. H2Scan, in Valencia, already had a business relation with Altran, in Paris, and will continue to use the company as a development partner in creating a new, lower-cost sensor and designing custom products for customers. H2Scan manufactures analyzers to measure hydrogen concentration in oil and mixed gases for electric power plants, petro-chemical companies and oil refineries. Also, a representative of Altran has joined the H2Scan board of directors. H2Scan Chief Executive Mike Allman said the company was pleased to align itself with a global leader in engineering research and development. “Altran has already proven that they can shorten the lead time and provide a cost-effective solution for new products and designs as an Internet of Things provider,” Allman said in a prepared statement.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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