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NDT Industry News

Eddyfi Confirms Acquisition of TSC Inspection Systems

This new acquisition by Eddyfi Technologies further broadens the company’s product portfolio and addressable markets.

As a world leader in advanced inspection solutions, Eddyfi Technologies is thrilled to announce the acquisition of TSC Inspection Systems. Headquartered in Milton Keynes, UK, TSC has significantly contributed in shaping the landscape of electromagnetic testing technologies 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. Decades later, the ACFM technology is specified by owners and operators of safety-critical infrastructures worldwide and is accepted as one of the most reliable methods of detecting surface-breaking cracks in steel structures and metallic components. The company’s StressProbe™ technology also provides highly versatile, non-contacting strain measurement systems that can operate through coatings in harsh environments, both onshore and subsea. TSC currently has 35 employees and satellite offices in Aberdeen and Singapore.

Read on https://goo.gl/9eYzVf

Non-Destructive Testing (NDT) Products Limited Announces Acquisition of Air Dynamics Company Limited.

Non-Destructive Testing (NDT) Products Group of Companies, a major re-seller and distributor of NDT equipment and supplies, announced on March 16th, 2017, the successful acquisition of Air Dynamics Company Limited, a leading supplier in the Canadian aerospace industry. The transaction is an integral part of the NDT Products strategic growth plan and continued expansion into Eastern Canada.

Air Dynamics represents major brands serving the aerospace market including 3M, PPG, Elixair, Marvel Aero, among others. Air Dynamics product mix includes aerospace sealants & adhesives, power supplies & accessories, marking equipment, tooling and ground service equipment (GSE). Air Dynamics is a Transport Canada licensed facility and is an approved supplier for major airlines, military and defense establishments and aircraft manufacturers and OEMs. Air Dynamics facility will remain in Baie‐D’Urfé, Quebec and NDT Products Limited will be managing and overseeing the company’s sales and operations under the leadership of M. Sean McKernan, President and CEO of NDT Products Limited.

The time has come to ensure continued growth and development for the company”, according to Bruce Truesdale, former President of Air Dynamics Company Limited. “Sean and I go back more than 25 years. I hand over Air Dynamics with pride and confidence that Sean, his team, and the Air Dynamic staff, will continue to keep Air Dynamics growing and evolving.”

We look forward to welcoming Air Dynamics to the NDT Products family” says M. Sean McKernan. “Air Dynamics is well-positioned in the aerospace industry and has a significant presence in Quebec and the Maritime Provinces. With this transaction, we will leverage on both companies’ strengths, utilize operational synergies and share best practices. Our team is looking forward to meeting Air Dynamics customers and welcoming them into the NDT Products family.

Media Contact:
Josh McKernan
Sales and Marketing Coordinator
Non-Destructive Testing (NDT) Products
jsmckernan@ndtproducts.ca

CDPQ Invests $36.5 Million in Eddyfi, a Fast-Growing Test, Inspection, and Measurement Company

Today, Caisse de dépôt et placement du Québec (CDPQ) announced an investment in Eddyfi, a manufacturer of advanced non-destructive testing (NDT) solutions. The CA$36.5 million investment combines a minority stake and a credit facility to fund the acquisition plan of the company.

Headquartered in Québec City, Eddyfi develops, manufactures, and commercializes NDT inspection technology globally—instruments, software, and sensors—for the inspection of key assets in the power generation, petrochemical and aerospace industries, to name a few. Eddyfi’s high-performance systems are used to assess the structural integrity of critical components and prevent downtime, financial losses, and casualties.  

With the implementation of its growth plan, Eddyfi is well-positioned to reinforce its status as a global industry leader. Its technologies are perfectly suited to respond to global market trends such as widespread aging critical infrastructure and increased inspection standards imposed on nuclear plants and oil & gas assets, for example.

“This transaction is well aligned with our commitment to help Québec companies expand internationally as part of their growth strategy,” said Christian Dubé, Executive Vice President, Québec at la Caisse. “Over the years, Eddyfi has innovated by investing in technologies to provide increasingly effective solutions better tailored to its clients’ needs. Today its equipment and software are recognized in more than 70 countries.”

“Over the coming years, our growth will be focused in particular on strategic acquisitions. After the acquisition of Silverwing and IPN in 2016, adding a financial partner became essential. However, we needed to be careful in selecting the partner that would best support our culture and style, and be aligned with the ambitions and the dynamics of our industry. Without a doubt, CDPQ is the perfect partner for Eddyfi,” said Martin Thériault, President and Chief Executive Officer of Eddyfi.

Eddyfi currently has close to 200 employees working in its offices based in Canada, France, the United Kingdom, the United States, the United Arab Emirates and South Africa.

About Eddyfi Technologies

Eddyfi Technologies is a label designed to maximize the potential of multiple advanced and niche NDT inspection technology brands. With its two centers of excellence in Québec City (Canada) and Swansea (UK), Eddyfi Technologies focuses on offering high-performance NDT solutions for the inspection of critical components and assets through two strong, complementary brands: Eddyfi and Silverwing. The company serves customers in more than 70 countries in such major industries as nuclear, power generation, oil & gas, and aerospace, leveraging its six offices around the globe, all staffed with NDT experts.

Read more at Eddyfi.com

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