Ultrasonic inline inspection (ILI) and integrity services provider NDT Global (Dublin, Ireland) announced that their parent company, Eddyfi/NDT, has acquired Halfwave (Bergen, Norway).
Halfwave owns its proprietary acoustic resonance technology (ART), described as an ultrasound-based technique which allows for high-precision measurements without the need for a liquid couplant.
“Halfwave’s acoustic resonance technology is a novel and disruptive advancement in the inline inspection industry, which perfectly complements our existing ultrasonic inspection technologies and moves NDT Global into the gas pipeline inspection market,” says Richard Matthews, president and CEO of NDT Global. “We see tremendous synergy between our two organizations in technology, data analytics, and operational expertise, which will deliver incremental value to our clients."
Halfwave is currently active worldwide in the field of subsea inspection and pipeline ILI. The company has over 70 employees, with additional offices in Oslo, Norway, and Houston, Texas, USA.
“We are first and foremost an NDT technology company,” says Martin Theriault, CEO of Eddyfi/NDT. The uniqueness and proprietary nature of the ART technique was an opportunity we could not miss. This acquisition is very synergetic for our group, impacting all three of our business units.”
Halfwave Subsea will merge with TSC Subsea, and the two units will mutually benefit from larger scale and market access, according to Eddyfi/NDT officials.
Meanwhile, the initial focus of the integration between Halfwave AS and NDT Global will be on creating rapid sales synergies. According to NDT Global, the group’s operational know-how, experience, and footprint will improve the robustness of ART inspection service, with the integration process expected to be finalized during the course of 2020. This will allow the Halfwave team to remain focused on continuing to develop the science for onshore metal thickness applications, as well as crack inspection.
Source: NDT Global, www.ndtglobal.com.