Mistras Group
PipeLogix Partners With PipeAId to Modernize and Automate Pipeline Inspection Posted: PALM DESERT, California. – December 3, 2024 – PipeLogix, a leading developer of pipeline inspection software, today announced a strategic, long-term partnership with PipeAId, a provider of AI-powered solutions engineered to automate and improve condition assessment. The agreement and integration will enable users of the PipeLogix Phoenix software to automate the recognition and coding of sewer and stormwater system defects and features within their existing workflow, resulting in greater data accuracy and o ...Read More.
SGS and Bureau Veritas End Merger Talks Posted: SGS and Bureau Veritas (BV) have ended talks to negotiate a merger between the two companies. Each issued a press release today, January 27, reporting that the negotiations had ended. "These discussions have stopped and did not result in an agreement despite a strong belief in the value of consolidation in the testing, inspection, and certification sector," said Bureau Veritas. The company reported it, "Remains fully committed to its LEAP | 28 strategy to deliver a step change in growth and performance, ...Read More.
VIDEOSCOPE-XT: Explosion-Proof Borescope Engineered for Hazardous Environments Posted: The VIDEOSCOPE-XT is a robust explosion-proof borescope designed for safe and precise inspections in high-risk environments. Certified by UL for Class I Division 2 and tested under MIL-STD 810G Method 511.6, as well as ATEX Zone 2, it meets the most stringent safety protocols, making it ideal for sectors such as fuel, aviation, power generation, and military operations. The VIDEOSCOPE-XT combines a durable, high-performance design, with a rechargeable 6-hour battery and the capability to store up to 32 ...Read More.
SPECTRO-UV® LAUNCHES NEXT GENERATION PORTABLE UV INSPECTION LIGHT Posted: Farmingdale, NY- January 21, 2025 – Spectro-UV®, a leader in professional UV inspection technology, today announced the launch of its newest addition to the NANO series of UV inspection lights. The IDX-350 is a compact, professional-grade device which combines durability with unprecedented convenience and portability. The new IDX-350 addresses the growing demand for reliable, portable inspection tools in industries ranging from oil and gas to forensics and nondestructive testing. Despite its pocket ...Read More.
Canon Releases LI7070SAC and LI7070SAM CMOS Sensors with Improved Near-infrared Sensitivity Posted: MELVILLE, N.Y. – WEBWIRE – Thursday, January 16, 2025 Canon U.S.A., Inc. announced that its parent company, Canon Inc. announced the release of two new 1/1.8-inch CMOS sensors, the LI7070SAC (color) and LI7070SAM (monochrome), with approximately 2.12 (1,936 x 1,096) effective megapixels, for applications in categories like security, industrial, and medical uses. They boast enhanced near-infrared shooting sensitivity, which is increasingly in demand, a high dynamic range capture function for operating in ...Read More.
Rope Access Surge Barrier Inspection Posted: Specialist rope access techniques were used by technicians to access the concrete and steel components of the Grade II listed Hull tidal surge barrier during recent inspection and testing works. Working at a height of 30m, with the barrier still in operation, construction and civil engineering contractor and RSK Group company CAN carried out tactile surveys and intrusive investigations of the steel and concrete of the tidal surge barrier as part of its work with BAM UK & Ireland and Arup on behalf ...Read More.
Wabtec agrees to acquire Evident’s Inspection Technologies division for $1.78bn Posted:
  • Attractive purchase multiple of 12.0x 2025 Projected Adj. EBITDA supported by high single-digit revenue growth outlook, accretive Adj. EBIT margins and accretive ROIC
  • Accelerates the growth of Digital Intelligence by leveraging scalable technologies that drive customer productivity, reliability and safety
  • Expands offerings with Wabtec’s existing customers in rail, mining & industrial sectors
PITTSBURGH, January 14, 2025 – Wabtec Corporation (NYSE: WAB) announced a definitive
...Read More.
Acuren Corporation Announces Successful Debt Repricing Posted: TOMBALL, Texas--(BUSINESS WIRE)--Acuren Corporation (the "Company" or "Acuren") (OTCQX: TICA), a leading provider of asset integrity services, today announced that it had successfully completed the repricing of its $773 million term loan. The term loan was repriced at SOFR + 275, representing a 75 basis point reduction of the applicable margin. This reduction is expected to reduce cash interest expense by approximately $5.8 million annually. The term loan maturity date of 2031, and all other material pro ...Read More.
EVK acquired by Headwall Photonics Posted: Bolton, MA, USA & Raaba, Austria – January 14, 2025 – Headwall® Group ("Headwall"), a global leader in high-performance spectral imaging solutions and optical components and a portfolio company of private equity firm Arsenal Capital Partners, is pleased to announce its acquisition of EVK DI Kerschhaggl GmbH ("EVK"), an Austria-based technology company specializing in industrial sensor-based sorting and inspection systems. This strategic acquisition marks a significant step forward in Headwall Group’s missio ...Read More.
DEEP Robotics’ X30 Robot Dog Pioneers Smart Inspection in Singapore Power Cable Tunnel Posted: HANGZHOU, China - Jan. 14, 2025 - DEEP Robotics, a leading Chinese developer of quadrupedal robotics, has crossed a major milestone with the deployment of its industrial-grade quadruped robot, the X30. The robot, nicknamed "SPock" within Singapore’s SP Group, is now operational in the country’s extensive underground power transmission cable network, marking it the first Chinese quadruped robot to be deployed to an overseas power system. The partnership with SP Group represents a critical step ...Read More.
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