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|NDT.net Issue - 2017-11 - NEWS ||NDT.net Issue: 2017-11|
Publication: e-Journal of Nondestructive Testing (NDT) ISSN 1435-4934 (NDT.net Journal)
Eddyfi Technologies Acquires the Teletest Product PortfolioEddyfi57, Quebec, Canada
As a world leader in advanced non-destructive testing solutions, Eddyfi Technologies confirms the acquisition of the guided wave technology and product portfolio from Plant Integrity Ltd., a wholly owned subsidiary of The Welding Institute (TWI).
Headquartered in Cambridge, UK, TWI and Plant Integrity have developed, manufactured, and commercialized the Teletest® Focus guided wave NDT system for the past 20 years. The Teletest technology uses long-range guided wave ultrasonic testing to detect corrosion in pipes and pipelines.
As part of the transaction, Eddyfi Technologies created the “Teletest” business unit to design, manufacture, sell, and service guided wave technology globally. Sales and service of the Focus instruments, WaveScan™ software, transducer rings, CSWIP LRUT training, product rental, equipment calibration and repair, as well as support services will now be provided by Teletest, part of Eddyfi Technologies. The R&D and collaborative projects activities from TWI and Plant Integrity were excluded from the transaction. All Plant Integrity staff involved in the product portfolio acquired by Eddyfi Technologies joined the team and will relocate to a new facility in the Cambridge area in the coming months. The Plant Integrity guided wave staff in the US relocated to Eddyfi Technologies offices in Houston, Texas.
This is the fourth strategic acquisition by Eddyfi Technologies and the third in the past 16 months in the UK. It expands the company’s technology portfolio, widens its customer base, gives critical mass to its UK presence, while adding talented and world-class NDT experts to the group. Martin Thériault, Eddyfi Technologies president and CEO says: “We are very happy to welcome a fourth brand and the guided wave science to Eddyfi Technologies. In particular, this high-end, proven and established, science will nicely complement our Lyft® pulsed eddy current platform and improve our corrosion solutions’ portfolio. In addition, we believe that access to the global Eddyfi Technologies sales network and the significant investment in R&D and new product development will offer new possibilities for Teletest for the benefit of our customers and the industry.”
Professor Aamir Khalid, Technology Director at TWI adds: “This transaction completes the story for TWI. TWI developed the Teletest guided wave equipment and now passes it on to a reputable industry player to productize it further and realize the full potential of the science that we developed. TWI and Plant Integrity will focus on providing core inspection, research, and consultancy services to its members and clients.”
About Eddyfi Technologies
Eddyfi Technologies maximizes the potential of multiple advanced NDT inspection technologies. It focuses on offering high-performance NDT solutions for the inspection of critical components and assets through four complementary brands and product lines: Eddyfi, Silverwing, Teletest, and TSC. Eddyfi Technologies serves customers in more than 80 countries in such major industries as nuclear, power generation, oil & gas, and aerospace. The group employs more than 250 people and leverages 10 centers of excellence and sales offices worldwide, all staffed by NDT experts.
TWI is one of the world’s foremost independent research and technology organisations, with expertise in solving problems in all aspects of manufacturing, fabrication and whole-life integrity management technologies. Established at Great Abington, Cambridge, UK, in 1946 and with facilities across the globe, the company has a first-class reputation for service through its teams of internationally respected consultants, scientists, engineers and support staff. The company employs more than 900 staff, serving 700 member companies across 4500 sites in 80 countries. TWI also houses a professional institution, the Welding Institute, with a separate membership of over 6000 individuals.