Intero Integrity Services, a leading provider of specialty integrity services for downstream oil, gas and petrochemical infrastructure and Pipetel Technologies, an innovative service company specializing in difficult to inspect gas pipelines, have announced their merger.
Rienk de Vries, Intero's CEO, said this merger creates a global company, with state of the art and unique solutions for the most difficult to inspect pipelines in the world, whether natural gas or liquid, or requiring ultrasonic or magnetic flux leakage technology. Pipetel’s experience, technology, and credentials, together with Intero’s, opens new possibilities to provide multiple inline inspection solutions to both current and new clients operating critical pipeline infrastructure in the energy and transportation industries.”
Paul Laursen, CEO of Pipetel Technologies, was similarly upbeat, saying “Intero Integrity Services provides Pipetel Technologies with an extensive global network and access to many new customers outside North America. Our team is pleased to join strengths with Intero, and to continue to grow our services worldwide. There is a strong synergy between Pipetel and Intero within the unpiggable pipeline inspection market, including the sales and agent network, training, R&D, and data analysis. Pipetel’s excellent track record and innovative technology can now reach significantly more customers around the world.”
First Reserve, a global private equity investment firm focused on energy which acquired Intero in 2017, lauded the merger and compelling synergies: "The aging pipeline asset base and heightened focus on ESG necessitate innovative solutions and the combined company is well positioned to continue developing these cutting-edge technologies for its customers.”