TSC Inspection Systems Confirms Acquisition by Eddyfi Technologies.
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.
After it’s successful acquisition of Silverwing in 2016, this additional strategic transaction reinforces Eddyfi Technologies’s presence in the UK and broadens the company’s portfolio of technologies and addressable markets. Martin Theriault, president and CEO of Eddyfi Technologies says: “We will be investing significantly to advance TSC technoloiges and products, while preserving the widely recognized history of AACFM 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.”
With this acquisition, Eddyfi Technologies further accelerates its scaling and growth with more than 235 employees and sales in 70 countries.
Last March, Caisse de depot et placement du Quebec (CDPQ) , one of North America’s leading institutional fund managers, invested in Eddyfi Technologies to help it pursue its international growth plan. As a minority shareholder of the company, CDPQ’s investment has helped finance this new acquisition.
About Eddyfi Technologies
Eddyfi Technologies maximizes the potential of multiple advanced and niche NDT inspection technology brands. With its three centres of excellence in Québec (Canada), Swansea (UK), and Milton Keynes (UK), Eddyfi Technologies focuses on offering high-performance NDT solutions for the inspection of critical components and assets through three strong, complementary brands: Eddyfi, Silverwing, and TSC. Eddyfi Technologies serves customers in more than 70 countries in such major industries as nuclear, power generation, oil & gas, and aerospace, leveraging several offices around the globe, all staffed by NDT experts.
About TSC Inspection Systems
TSC Inspection Systems is the developer and manufacturer of ACFM® non-destructive testing product solutions and subsea inspections services. The ACFM® technique detects surface-breaking cracks in metallic structures and components, without the need to remove protected coatings, therefore minimizing downtime for critical operations.
TSC Inspection Systems & Eddyfi Technologies
From May 2017, TSC Inspection Systems became part of the Eddyfi Technologies Group, who aim to maximize the potential of multiple advanced and niche NDT inspection technology brands. With three centres of excellence in Quebec (Canada), Swansea (UK) and Milton Keynes (UK), Eddyfi Technologies focus on offering high performance NDT solutions for the inspection of critical components and assets through three strong complimentary brands: Eddyfi, Silverwing and TSC. Eddyfi Technologies serves customers in more than 70 countries in major industries such as oil and gas, nuclear, power generation and aerospace from offices located around the globe, staffed by teams of NDT experts. www.eddyfi.com
For further information please visit the TSC Inspection Systems website www.tscis.com