Eddyfi/NDT acquires Halfwave

The newly minted Eddyfi/NDT entity has acquired Halfwave and its Acoustic Resonance Technology (ART).

Halfwave Subsea will merge with TSC Subsea, while its inline inspection (ILI) body – Halfwave AS – will begin its integration with NDT Global at this week’s Pipeline Pigging and Integrity Management (PPIM) Conference in Houston, US.

The integration process is expected to be finalised during 2020 and Eddyfi/NDT said NDT Global’s operational expertise will help improve the robustness of Halfwave’s ART inspection service.

“We are first and foremost an NDT technology company,” said Eddyfi/NDT CEO Martin Theriault.

The uniqueness and proprietary nature of the ART technique was an opportunity we could not miss.

“Eddyfi Technologies will benefit from leveraging a new modality to create a multitude of 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.”

Halfwave CEO Paul Cooper said the company was excited to join the Eddyfi/NDT team.

“It has been a great journey growing and developing the ART NDT platform into unique market-leading pipeline and subsea inspection applications,” he said.

“Eddyfi/NDT’s impressive complementary technology portfolio, technology focus and global footprint provides the perfect vehicle for ART to realise its full potential in the market.”

Halfwave was acquired from its main shareholders EV Private Equity, Shell Ventures, Chevron Technology Venture and DNV GL.

The Eddyfi-NDT Global merger was announced earlier this month.

For more information visit the Eddyfi/NDT website.

If you have company news you would like featured in Pipelines International contact Head of Production Chloe Jenkins at cjenkins@gs-press.com.au

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