Intero Integrity Services, backed by First Reserve, has announced the completion of a merger with Pipetel Technologies, an innovative service provider to the gas utility industry specialising in robotic inline inspection of challenging pipelines.
Pipetel Technologies, founded in 1999 in Toronto, specialises in difficult to inspect gas pipelines, combining advanced technology and engineering with innovative robotic solutions. These services are critical to enabling its utility customers to reduce methane emissions and enhance the safe operations of their pipeline infrastructure. As a result of their successful research and development programme, in partnership with the Northeast Gas Association/NYSEARCH, Pipetel deploys the most technologically-advanced robotic inline inspection fleet in the world.
Rienk de Vries, Intero’s CEO, highlights the strategic importance of this merger. “This merger creates a global company, with state of the art and unique solutions for the most difficult to inspect pipelines in the world, whether natural gas or liquid, or requiring ultrasonic or magnetic flux leakage technology. Pipetel’s experience, technology, and credentials, together with Intero’s, opens new possibilities to provide multiple inline inspection solutions to both current and new clients operating critical pipeline infrastructure in the energy and transportation industries.”
Paul Laursen, CEO of Pipetel Technologies, says: “Intero Integrity Services provides Pipetel Technologies with an extensive global network and access to many new customers outside North America. Our team is pleased to join strengths with Intero, and to continue to grow our services worldwide. There is a strong synergy between Pipetel and Intero within the unpiggable pipeline inspection market, including the sales and agent network, training, R&D, and data analysis. Pipetel’s excellent track record and innovative technology can now reach significantly more customers around the world.”
Mike Scardigli, Managing Director of First Reserve, commented, “This transaction highlights First Reserve’s continued support of companies playing a crucial role in maintaining the integrity of critical infrastructure. The aging pipeline asset base and heightened focus on ESG necessitate innovative solutions and the combined company is well positioned to continue developing these cutting-edge technologies for its customers.”
For more news and technical articles from the oil and gas pipeline industry, read our latest issue of World Pipelines magazine.
The January 2021 issue kicks off the year with a regional report focusing on pipelines in the USA, in which Gordon Cope analyses the impact of the COVID-19 pandemic on the US oil and gas sector. The issue also includes articles on decarbonisation, inline inspection, corrosion prevention and offshore welding. Don’t miss the Pigging Q&A on p.31!
Read the article online at: https://www.worldpipelines.com/business-news/28012021/intero-integrity-services-announces-completion-of-merger-with-pipetel-technologies/