Ombra Group Acquires 75% of IUT Medical GmbH to Propel Next-Generation Gas and Chemical Detection

New York, NY, April 09, 2024 --( Ombra Group Inc, a global pioneer in advanced technology solutions, today announced its acquisition of IUT Medical GmbH, a world-renowned German company specializing in cutting-edge gas and hazardous chemical detection systems. Founded in 1998 by the late Prof. Dr. Jürgen Leonhardt, IUT Medical has solidified its reputation as an industry leader, delivering unparalleled accuracy and reliability to clients across the globe.

This strategic move underscores Ombra Group's commitment to the rapidly evolving environmental and industrial safety market, forecasted to reach a staggering US $60 billion by 2030, according to a comprehensive report by MarketsandMarkets Research. A key driver behind the acquisition is Ombra Group's ambition to harness IUT Medical's pioneering breath analysis technology for detecting controlled substances such as fentanyl, methamphetamine, and tetrahydrocannabinol (THC). Additionally, the combined entity aims to empower law enforcement agencies worldwide with advanced solutions for identifying and dismantling clandestine drug production facilities.

By integrating IUT Medical's decades of expertise in gas and chemical detection with Ombra Group's cutting-edge artificial intelligence (AI) and software engineering capabilities, the two companies are poised to usher in a new era of innovation within the public health and safety sector. This powerful synergy will catalyze the development of next-generation detection solutions that are not only more intelligent and efficient but also unprecedented in their accuracy and reliability.

"Acquiring IUT Medical is a strategic move that will propel our future product development initiatives to new heights," said Dominick Bianco, CEO of Ombra Group. "Their superior detection technology, coupled with our proficiency in AI and software, creates a formidable foundation for introducing ultra-intelligent solutions that will redefine industry standards. We are excited to combine our respective strengths and unlock the full potential of IUT Medical's groundbreaking systems."

The acquisition promises to yield significant benefits for both companies and their respective customers:

Heightened Product Value: By seamlessly integrating Ombra Group's AI and software capabilities into IUT Medical's existing suite of detection systems, the combined entity will deliver smarter, more efficient, and highly competitive solutions that cater to the evolving needs of the market.

Accelerated Technological Advancements: The collective knowledge, resources, and expertise of these two industry leaders will fuel the rapid development of novel, high-tech gas and chemical detection devices, solidifying their position at the forefront of innovation.

Enhanced Operational Efficiencies: By streamlining operations and leveraging shared resources, the combined entity will benefit from increased operational efficiencies, enabling faster time-to-market for new products and solutions.

Expanded Global Reach: Leveraging Ombra Group's management and extensive global footprint, IUT Medical's cutting-edge products will gain access to new markets and customer segments across diverse environmental and industrial safety domains.

"This acquisition marks a significant milestone for IUT Medical and a testament to Prof. Leonhardt's enduring legacy," stated Franz Finsch, spokesperson for IUT Medical. "Joining forces with Ombra Group ensures the continued growth and evolution of our cutting-edge detection technologies, while providing us with the resources and expertise to tackle some of the most pressing challenges in the realms of illegal drug production and use. We are excited to embark on this new chapter and seize the myriad opportunities that lie ahead in the rapidly expanding gas and chemical detection market."

About Ombra Group
Ombra Group Inc. is a global pioneer in the development of advanced technology solutions that leverage cutting-edge technologies such as artificial intelligence and, machine learning. With a focus on improving safety, productivity, and sustainability across multiple industries, Ombra Group's innovative products and services will be reshaping the technological landscape.

About IUT Medical GmbH
Founded in 1998 by the late Prof. Dr. Jürgen Leonhardt, IUT Medical GmbH is a renowned German company that specializes in the design and manufacture of sophisticated gas and toxic chemical detection systems. With a strong emphasis on accuracy and reliability, IUT Medical's solutions are trusted by clients worldwide across various industrial and environmental applications.
The Ombra Group Inc.
Dominick Bianco