Geodata, Collection and Analysis Company Relaunches as ‘Field’
The Norwegian-based company formerly known as KVS Terratec has relaunched under the name Field. This new name reflects the merging of several entities to form a unique total supplier and become one of Europe’s largest geodata, collection and analysis companies.
AI-based Sensors to Capture High-quality Data
The story of Field started in October last year, when the technology company KVS Technologies bought Oslo-based Terratec. KVS Technologies first began with inspections of the power grid using unmanned aerial vehicles (UAVs or ‘drones’) and supplied drone services and software to large grid companies that previously used helicopters to inspect the power lines. The company moved away from traditional data capture early on, and today its sensors utilize artificial intelligence (AI) to recognize power lines and intelligently capture high-quality data of the infrastructure. Just before the merger with Terratec, KVS Technologies landed a major contract with the US company Spright, a subsidiary of Air Methods Corp, for launching its technology and inspection services in the North American power grid market.
Terratec (including Blom, Foran AB and TerraPro) was one of the largest providers of geodata services in Europe, collecting data from both land and air for use in mapping, modelling and other georeferenced data projects. The merger resulted in the new KVS Terratec Group with 300 employees. Since that acquisition, the industrial investor DSD has joined the ownership team and the group has acquired Sevendof, a company specialized in building long-distance UAV technology for industrial purposes.
Combining the strengths of KVS and Terratec along with the other merged companies, Field is now ideally placed to emerge as a total supplier of collection, analysis and digitalization of everything in the physical space.
Capturing, Processing and Visualizing Data in a Meaningful Way
Field is an ambitious, sustainability-focused technology company. It leverages geodata competence, proprietary software and geospatial technologies to provide customers with the data and insights needed to build and maintain a better tomorrow. The company serves a broad range of customers within the infrastructure, construction, environmental and public sectors.
Driven by the need to build and maintain the world’s infrastructure in a sustainable way, the company aims to empower modern society by transforming data into insights and living digital twins. To achieve this, Field combines software, advanced sensors and autonomous technologies to capture, process and visualize data in what the company describes as “a meaningful way”.
“Field will create associations with growth in wide areas and with large meadows where it grows. Our solutions are greener, safer and smarter; we want to signal that with the name Field,” states Cato Vevatne, CEO of Field. He promises further growth for the company, both through the active recruitment of employees and the acquisition of technology companies that fit Field’s product offering.
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