Advanced inspection solutions provider, Eddyfi Technologies, has announced the acquisition of TSC Inspection Systems (TSC). With this acquisition, Eddyfi Technologies further accelerates its scaling and growth.
TSC has contributed to shaping the landscape of electromagnetic testing technologies significantly over the last 30 years. The company developed the field-proven ACFM® technology with support from BP, BG Group, Conoco and Shell, who were keen to significantly improve the reliability of underwater inspections, reduce operator dependence, and provide auditable inspection records. Meanwhile, the company’s StressProbeTM technology provides highly versatile, non-contacting strain measurement systems that can operate through coatings in harsh environments, both onshore and subsea.
After its successful acquisition of Silverwing in 2016, this additional strategic transaction reinforces Eddyfi Technologies’ presence in the UK and broadens the company’s portfolio of technologies and addressable markets.
Martin Thériault, President and CEO of Eddyfi Technologies, says: “We will be investing significantly to advance TSC technologies and products, while preserving the widely recognised history of ACFM and StressProbe. We will move the company closer to a technology provider role in better collaboration with the various players of the industry. Our wide network of sales and applications engineers will allow us to support ACFM users worldwide and offer the best to all those relying on the technology to perform surface inspections, topside and underwater. Finally, we are especially excited about entering the subsea market and expand our range of solutions for the world’s most challenging offshore oil and gas applications.”
Chris Walters, CEO of TSC, adds: “We are extremely pleased to see TSC joining an expanding and progressive NDT technology group that really understands the dynamics of the industry today, with a team and vision for growth that offer incredible synergies to the TSC brand, technologies, and products. We believe that Eddyfi Technologies’ scale, expertise, and reputation in advanced NDT technology will be key to advancing the capabilities and applications for ACFM and StressProbe in new exciting markets.”
Read the article online at: https://www.worldpipelines.com/business-news/18052017/eddyfi-acquires-tsc-inspection-systems/