Mitiga Acquires Cervest's Intellectual Property Rights to Accelerate Growth and Enhance Market Position

• The acquisition of Cervest's Intellectual Property Rights and intangible assets marks a significant milestone for Mitiga Solutions. This strategic move reinforces Mitiga's market position and supports its sustainable growth trajectory.
• This acquisition is expected to positively benefit customers by enabling the delivery of cutting-edge solutions for climate risk modelling.
• As part of the acquisition, Mitiga assures customers, partners, and stakeholders of open lines of communication. This commitment aligns with Mitiga's core values of transparency, responsible practices, and a customer-centric approach.

 Barcelona (Spain), July 5, 2023 – Mitiga Solutions, a climate tech company that applies science, AI, and high-performance computing to strengthen resilience against climate-related hazards; announces the successful acquisition of Intellectual Property Rights and intangible assets from Cervest, a leading cloud-based climate intelligence company, with headquarters in the UK. The transaction was completed on Sunday, June 25, 2023. This strategic acquisition reinforces Mitiga's market position and accelerates its sustainable growth trajectory.

“The acquisition of Cervest's assets, including the rights to all Cervest's technology and know-how, represent a significant milestone in Mitiga´s journey, and aligns seamlessly with our strategic goals and vision,“ states Alejandro Marti, CEO and co-founder at Mitiga Solutions. "Combined with Mitiga's physics-based models and high-performance computing architecture, we are confident that this acquisition will positively benefit our customers; while allowing us to continue delivering cutting-edge solutions for climate risk modelling." 

— Alejandro Marti, CEO and co-founder, Mitiga Solutions

 This acquisition sets the tone for Mitiga´s future agenda. “It not only strengthens Mitiga's offering capabilities, through advanced technology but also enhances its overall customer experience and scalability,” highlights Benoit Van Thienen, Chief Revenue Officer at Mitiga Solutions. In light of this acquisition, Mitiga assures its customers, partners, and stakeholders of open lines of communication; as part of its ongoing commitment to its core values of transparency, responsible practices, and customer-centricity.  

Mitiga's state-of-the-art technology and science capabilities, combined with Cervest’s assets, will accelerate its product, innovation and sustainability agenda towards tackling climate change in the years to come.  

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