ShawCor Ltd. has completed the acquisition of Dhatec B.V. for an undisclosed amount. Dhatec is a Netherlands based company that designs, assembles and markets engineered pipe logistics and products and services that mitigate damage and enhance safety and efficiency in the manufacturing, coating, handling, transportation, preservation and storage of pipe. Dhatec's estimated revenue is approximately US$25 million.
Mr Steve Orr, President and Chief Executive Officer of ShawCor stated: "The acquisition of Dhatec will complement our pipeline performance strategy of combining pipe coating products and services into innovative solutions that extend the life and increase the operating envelope of our customer's pipeline assets."
ShawCor Ltd. is a global energy services company specialising in products and services for the pipeline and pipe services and the petrochemical and industrial segments of the oil and gas industry. The company operates through nine divisions with over 90 manufacturing and service facilities located around the world.
Adapted from press release by Hannah Priestley-Eaton