Distence was acquired by Miston.

Oliotalo Oy, an espoo, Finland-based company which designs and manufactures intelligent remote monitoring solutions and provides engineering services of embedded systems, announced that it added Miston oy as investor in the company.

The deal, which has the financial details undisclosed, will make Miston Oy the majority owner of Oliotalo. Kaius Häggblom, the founder and managing director, will stay with the company as the managing director and co-owner. Olitalo Oy will continue operations as an independent company.

Oliotalo Oy was founded in 2002. It specializes in intelligent remote condition monitoring systems, including a full-scale industrial strength monitoring back-end and a web based user interface. Applications of Oliotalo's ORM*-technology can be found in a wide range of industries, including wind turbines, fork lift fleets and other machine-to-machine applications. With Oliotalo's range of solutions, customers can monitor, collect and process vital information, enabling remote condition monitoring, pre-emptive maintenance and subsequently lower lifecycle costs and increased reliability. In addition, Oliotalo provides OEM engineering services of embedded systems. Most of Oliotalo's production goes to exports.

later edit: Oliotalo has chaged its name in Distence.