Danish firm SVS with unique vibration measurement product seeks investors  

2006.11.15
Structural Vibration Solutions, a spin-off company from Aalborg University, is looking for external investors with the aim of venturing into a world market worth DKK 20 bn
Structural Vibration Solutions (SVS), a spin-off company from Aalborg University, is looking for external investors with the aim of venturing into a world market worth DKK 20 bn (USD 3.4 bn) according to SVS. The firm's first customer was Boeing, and then NASA and Mazda followed, but fledgling SVS has further ambitions. Rune Brincker, one of the two founders of SVS says: "Right now we have got hold of the top of the pyramid, but the potential is a lot bigger, if we move down into the middle or bottom of the pyramid."
 
SVS develops and sells a unique software system which can measure vibrations in e.g. bridges, in aircraft and cars. The Artemis Modal Software has all the tools an engineer needs to perform a high quality modal analysis without knowing the forces acting on the structure and while the structure is in operation. SVS is one of only two companies in the world which have commercialised this technology.
 
Palle Andersen, the other founder of SVS says: "The top of the pyramid consists of heavy industry such as Boeing, but in the middle and at the bottom there are all the SMEs where the sales potential for this product is gigantic."
 
If an interested buyer comes forward, SVS would also be up for sale. "With new capital, we can drive this a lot further and grow a lot faster," says Rune Brincker and Palle Andersen. The news was reported by financial daily newspaper Børsen.
 
Link > SVS  

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