Imperial Innovations, the commercialisation company of Imperial College London, has sold Parametric Optimization Solutions (ParOS) to Oak Prospects for £5.4m. ParOS is now floating on the London Stock Exchange’s Alternative Investment Market. It offered at 3.5p a share, giving it a market capitalisation of £16.5m. Imperial Innovations holds a 9.07% stake.
ParOS was founded in 2002, and specialises in energy efficient and environmental friendly control solutions to industry, i.e. they allow a user to maintain a mechanical system or industrial process at its desired operating level.