Canada’s Pipetel Merges with Intero Integrity Services
Intero Integrity Services, backed by First Reserve, announced announce the completion of a merger with Pipetel Technologies, an innovative service provider to the gas utility industry specializing in robotic inline inspection of challenging pipelines.
Pipetel Technologies, founded in 1999 in Toronto, specializes in difficult-to-inspect gas pipelines, combining advanced technology and engineering with innovative robotic solutions. These services help its utility customers reduce methane emissions and enhance the safe operations of their pipeline infrastructure. In partnership with the Northeast Gas Association/NYSEARCH, Pipetel deploys the most technologically-advanced robotic inline inspection fleet in the world.
Rienk de Vries, Intero’s CEO, said the merger creates a global company, with unique solutions for the most difficult to inspect pipelines.
“Whether natural gas or liquid, or requiring ultrasonic or magnetic flux leakage technology,” de Vries said. “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, said 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,” Laursen said. “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.”
Mike Scardigli, Managing Director of First Reserve, said this transaction highlights First Reserve’s continued support of companies playing a crucial role in maintaining the integrity of critical infrastructure.
“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,” he said.
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