DPLS - DarkPulse Inc. Closes Acquisition of Certain Assets of Optilan UK Ltd Including Subsidiaries in India and Turkey | Benzinga
HOUSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- DarkPulse, Inc. (OTC:DPLS) ("DarkPulse", "DPLS", or "the Company") today announced the acquisition of certain assets of Optilan UK Ltd including two operating subsidiaries. The subsidiaries acquired are Optilan India Pvt Ltd, a major engineering group that designed multiple installations across the globe including security, rail, oil and gas, telecoms and, most importantly, distributed fiber optic sensor systems (DFOSS). The second entity acquired is Optilan Communications & Security Systems Ltd (Turkey) who has played a key role in projects such as the Trans-Anatolian Natural Gas Pipeline (TANAP) installation as well as maintenance services for one of the world's largest pipelines and its operator. The Turkish-based company is also responsible for multiple contracts across the Middle East including Libya and Iraq.
The acquisitions are in line with the Company's plan to expand operations throughout India as well as open operations in Europe, UAE, and Oman as part of its global expansion plan. Recent news reports related to oil and gas infrastructure developments throughout both regions are attractive to DarkPulse as the Company begins full manufacturing of its patented high resolution brillouin optical time domain analysis (BOTDA) fiber optic sensor systems with a concentration in pipeline structural health monitoring and security.
"The acquisition of assets directly related to operational superiority is a key milestone for the Company," said Dennis O'Leary, founder and CEO of DarkPulse Inc. "Both India and Turkey teams have decades of experience bringing DarkPulse advanced sales and engineering capabilities ...