Eddyfi / NDT acquires Halfwave

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Eddyfi / NDT acquires Halfwave

Fri, 02/21/2020 - 10:21
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NDT Global, a global supplier of ultrasonic inline inspection (ILI) and integrity services announces that their parent company, Eddyfi/NDT, has acquired Halfwave, headquartered in Bergen, Norway.

Eddyfi / NDT acquires Halfwave (Copyright: Eddyfi)
Eddyfi / NDT acquires Halfwave (Copyright: Eddyfi)

Halfwave is the owner of the proprietary Acoustic Resonance Technology (ART), an ultrasound-based technique which allows high-precision measurements without the need for a liquid couplant. The company is currently active worldwide in the field of Subsea inspection and Pipeline inline inspection (ILI). The company has over 70 employees and additional offices in Oslo, Norway, and Houston, USA.

Richard Matthews, President and CEO of NDT Global comments, "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. We see tremendous synergy between our two organizations in technology, data analytics and operational expertise which will deliver incremental value to our clients."

Martin Theriault, CEO of Eddyfi/NDT, says: “We are first and foremost an NDT technology company. 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 3 of our business units. Eddyfi Technologies will benefit from leveraging a new modality to create a multitudeTof new applications. TSC Subsea will add a second, highly differentiated modality to its offering. NDT Global will officially enter the in-service gas pipeline segment and present a competitive alternative to EMAT insofar as SCC crack detection. All in all, the transaction reinforces Eddyfi/NDT’s positioning as a high-end, high-performance solutions provider agnostic to any particular modality.”

Halfwave Subsea will merge with TSC Subsea, and the two units will mutually benefit from larger scale and market access. NDT Global’s operational know-how, experience and footprint will improve the robustness of ART inspection service. The integration process is 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.

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