Acuren Announces Acquisition of Applied Inspection Limited
Acuren, the global provider of non-destructive testing (NDT), inspection and related services, has acquired Applied Inspection Limited which was founded in 1984 and operates from four laboratories in Burton, Chesterfield, Ossett, West Yorkshire – and Glasgow.
Applied Inspection Limited is a leading provider of NDT, materials testing and training services across a range of industries in the United Kingdom.
“We are very pleased to welcome the entire Applied organization to the Rockwood family,” said Peter Scannell, Rockwood’s founder and president. “The Applied team has deep technical expertise and a long-standing commitment to delivering value-added NDT services with an emphasis on quality, safety and productivity. We look forward to working with this high calibre team to build upon the success realized to date.”
Ted Peake will continue to oversee Applied as MD and Pat Slater will continue to serve as Technical Director. Mr. Peake said: “We are very excited to partner with Rockwood, a global leader in NDT. The values of Rockwood and Applied are highly complementary. This partnership enables Applied to further enhance its capabilities with respect to advanced methods, innovative technologies and reporting to bring more value to our customers.”
Premier M&A Services acted as financial advisor and hlw Keeble Hawson acted as legal advisor to Applied in the transaction. McGuireWoods served as legal advisor to Rockwood.
Rockwood is one of the largest providers of non-destructive testing services in the world with over 4,000 employees. Through its Acuren and Applied subsidiaries, Rockwood provides a range of conventional and advanced NDT, engineering, training and rope access enabled services delivered through 80 offices in North America and Europe. Through its Sperry subsidiary, Rockwood provides rail flaw detection services to railroads across the world. NDT is the application of non-invasive technologies (such as ultrasonic testing or radiography) to inspect the integrity and reliability of industrial components, materials and structures.