Stress Engineering Services, Inc. Acquires Laserstream, LP
Posted: 2020-1-20
Stress Engineering Services, Inc., (SES) the global leader in consulting engineering services and solutions, has acquired Laserstream, LP, a technical service company specializing in laser mapping of tubular assets.
The acquisition will provide high-resolution pipe ID scanning hardware and imaging software while enhancing SES’s competencies within upstream, midstream, downstream, aerospace, consumer, and medical services.
The acquisition adds to the strength of SES’s present technology portfolio of service offering for non-destructive testing, asset condition-based maintenance and monitoring, predictive data analytics and IoT ecosystem to manage and assess baseline and degradation in tubulars. The enhanced level of services will vastly benefit those with a stake in identifying and managing risks and the deterioration of their tubular assets.
SES will gain Laserstream’s state-of-the-art equipment, to combine with its laboratories and service offerings in Houston; Waller, Texas; New Orleans; Cincinnati; Singapore; and Calgary, Alberta.
Kenneth Bhalla, chief technical officer, SES, said, "We believe that growing our existing capabilities is critical to our success in the broad spectrum of markets in which we participate. The acquisition of Laserstream will add new, innovative capabilities in our core markets. This will diversify our product portfolio and capabilities in new and important areas. We are very excited to add Laserstream to an already outstanding business and team."
Jason Waligura, co-founder of Laserstream, commented, "We are proud of the prior working relationship enjoyed between our two companies and we are confident that Laserstream will forge a successful future as part of SES. We look forward to delivering strong results for our existing clients, as well as expanding our capabilities with the world class service and capability of SES."
Bhalla will lead the company’s combined efforts and Waligura will join SES to integrate the technology across SES’s vertical market, creating business applications for the new technology.
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About Stress Engineering Services, Inc.
Since 1972, Stress Engineering Services, Inc. has been a global leader in consulting engineering services and solutions for a variety of industries. Stress Engineering is committed to providing the most comprehensive design, analysis and testing services with an unsurpassed level of engineering integrity and skill. The company’s multi-disciplinary engineering methods, advanced technology, innovative applications and highly knowledgeable and experienced staff provide proven, quantifiable benefits to its worldwide portfolio of clients. Stress Engineering is headquartered in Houston, with offices in Cincinnati; New Orleans; Baton Rouge, Louisiana; Calgary, Alberta and Singapore. For more information, visit www.stress.com.
About Laserstream, LP
Laserstream, LP is a laser based pipe ID inspection company dedicated to providing the best technology available for the inspection and analysis of oilfield equipment. Utilizing the high-performance laser-based tool BEMISTM (Bore Erosion Measurement and Inspection System), they are able to rapidly, accurately and quantitatively map the ID of pipe and tubing.
The acquisition will provide high-resolution pipe ID scanning hardware and imaging software while enhancing SES’s competencies within upstream, midstream, downstream, aerospace, consumer, and medical services.
The acquisition adds to the strength of SES’s present technology portfolio of service offering for non-destructive testing, asset condition-based maintenance and monitoring, predictive data analytics and IoT ecosystem to manage and assess baseline and degradation in tubulars. The enhanced level of services will vastly benefit those with a stake in identifying and managing risks and the deterioration of their tubular assets.
SES will gain Laserstream’s state-of-the-art equipment, to combine with its laboratories and service offerings in Houston; Waller, Texas; New Orleans; Cincinnati; Singapore; and Calgary, Alberta.
Kenneth Bhalla, chief technical officer, SES, said, "We believe that growing our existing capabilities is critical to our success in the broad spectrum of markets in which we participate. The acquisition of Laserstream will add new, innovative capabilities in our core markets. This will diversify our product portfolio and capabilities in new and important areas. We are very excited to add Laserstream to an already outstanding business and team."
Jason Waligura, co-founder of Laserstream, commented, "We are proud of the prior working relationship enjoyed between our two companies and we are confident that Laserstream will forge a successful future as part of SES. We look forward to delivering strong results for our existing clients, as well as expanding our capabilities with the world class service and capability of SES."
Bhalla will lead the company’s combined efforts and Waligura will join SES to integrate the technology across SES’s vertical market, creating business applications for the new technology.
###
About Stress Engineering Services, Inc.
Since 1972, Stress Engineering Services, Inc. has been a global leader in consulting engineering services and solutions for a variety of industries. Stress Engineering is committed to providing the most comprehensive design, analysis and testing services with an unsurpassed level of engineering integrity and skill. The company’s multi-disciplinary engineering methods, advanced technology, innovative applications and highly knowledgeable and experienced staff provide proven, quantifiable benefits to its worldwide portfolio of clients. Stress Engineering is headquartered in Houston, with offices in Cincinnati; New Orleans; Baton Rouge, Louisiana; Calgary, Alberta and Singapore. For more information, visit www.stress.com.
About Laserstream, LP
Laserstream, LP is a laser based pipe ID inspection company dedicated to providing the best technology available for the inspection and analysis of oilfield equipment. Utilizing the high-performance laser-based tool BEMISTM (Bore Erosion Measurement and Inspection System), they are able to rapidly, accurately and quantitatively map the ID of pipe and tubing.
