TPT September 2007

Industry News

ShawCor acquires X-Tek Industrial

Hellingrath purchasd by SMS Demag

Global energy services company ShawCor Ltd has acquired X-Tek Industrial Ltd from X-Tek Systems Ltd, UK. The company has been renamed Shaw Inspection Systems Ltd. Shaw Inspection Systems will offer a complete range of x-ray equipment designed to meet specific requirements including both hardware and specialised software for a broad range of inspection applications. With dedicated R&D capabilities, the company offers x-ray equipment specifically designed to eliminate the use of x-ray film, while speeding up inspection processes technologies. These systems and services address requirements in a range of industries including pipeline, aerospace, nuclear, power and medical. Shaw Inspection Systems specialises in the development of real time, digital non- destructive testing systems. The company manufactures the FFRESHeX digital continuous x-ray weld inspection system. This system inspects pipe welds on clad pipe at the high inspection rates required when laying offshore pipelines.

Commenting on the acquisition, Mr Les Hutchison, VP of Shaw Pipeline Services, ShawCor Ltd, said, “Shaw Inspection Systems brings unparalleled expertise in real-time x-ray inspection systems, which complements ShawCor’s pipeline and pipe services products and services as a whole. Shaw Inspection Systems will be uniquely placed to expand the global market for its products and services.” Mr Steve Drake, general manager of Shaw Inspection Systems added, “With the backing of a major global organisation with the resources of ShawCor, Shaw Inspection Systems can further invest in the development of its world-leading real time x-ray inspection systems.” Shaw Inspection Systems Ltd – UK Fax : +44 1493 603 347 Email : mallen@sis.shawcor.com Website : www.shawinspectionsystems.com

SMS Demag, Germany, has acquired Hellingrath GmbH, an integrated system supplier of holistic mechanical-electronic solutions. Hellingrath also specialises in electrics and automation systems for the steel industry. With a workforce of 85, Hellingrath generated sales of approximately €16.5 million in 2006. The company has, for more than 60 years, operated in industrial automation with a focus on the European steel industry. The company’s range of products and services covers all aspects of planning and implementation of electrics and automation projects. The acquisition comes on the back of the SMS Demag strategy of expanding its scope of electrics and automation services for both new plants and revamps. SMS Demag AG – Germany Fax : +49 211 881 4902 Website : www.sms-group.com

ShawCor – Canada Fax : +1 416 743 7199 Website : www.shawcor.com

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S eptember /O ctober 2007