Nov 10, 2015

TRE joins the French Group CLS

On October 30th 2015, TRE, the first spin-off company of Politecnico di Milano University, was officially acquired by the French group CLS (Collecte Localisation Satellites).

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CLS is a subsidiary of CNES (Centre National d’Etudes Spatiales), IFREMER (Institut Français de Recherche pour l’Exploitation de la Mer) and the investment company ARDIAN. It provides operational services for environmental monitoring and sustainable management of marine resources and security.

TRE is globally recognized as the world leader in millimiter-precision displacement measurements from satellite radar data, which are used in a variety of sectors including oil & gas, mining, civil engineering and environmental monitoring.

TRE has two offices, located in Milan and Vancouver (TRE Canada), with a staff of more 40 people, who possess a diverse range of technical and scientific backgrounds. As part of the ongoing development of the group, TRE and ALTAMIRA INFORMATION will become the largest InSAR group worldwide.

Alessandro Ferretti, CEO of TRE, states: “The synergy between TRE, ALTAMIRA INFORMATION and CLS will create by far the largest provider of surface deformation measurements using satellite radar data. Our mastery of this technology will increase exponentially and our international team of experts will work jointly to develop even more sophisticated and powerful algorithms opening new applications. “

We at TRE look forward to the expansion and increased presence within the global market working in partnership with Altamira.

Read the CLS press release here