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NDT Global Welcomes Halfwave and Their ART Technology

Dublin, Ireland, February 18th, 2020 - NDT Global, a leading supplier of ultrasonic inline inspection (ILI) and integrity services announces that their parent company, Eddyfi/NDT, has acquired Halfwave, headquartered in Bergen, Norway.

Halfwave is the owner of the proprietary Acoustic Resonance Technology (ART), an ultrasound-based technique which allows high-precision measurements without the need for a liquid couplant. The company is currently active worldwide in the field of Subsea inspection and Pipeline inline inspection (ILI). The company has over 70 employees and additional offices in Oslo, Norway, and Houston, USA.

Richard Matthews, President and CEO of NDT Global comments, "Halfwave's Acoustic Resonance Technology is a novel and disruptive advancement in the inline inspection industry, which perfectly complements our existing ultrasonic inspection technologies and moves NDT Global into the gas pipeline inspection market.We see tremendous synergy between our two organizations in technology, data analytics and operational expertise which will deliver incremental value to our clients."

Martin Theriault, CEO of Eddyfi/NDT, says: “We are first and foremost an NDT technology company. The uniqueness and proprietary nature of the ART technique was an opportunity we could not miss. This acquisition is very synergetic for our group, impacting all 3 of our business units. Eddyfi Technologies will benefit from leveraging a new modality to create a multitudeTof 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. All in all, the transaction reinforces Eddyfi/NDT’s positioning as a high-end, high-performance solutions provider agnostic to any particular modality.”

Halfwave Subsea will merge with TSC Subsea, and the two units will mutually benefit from larger scale and market access. Halfwave AS, the ILI entity, will kick off its integration with NDT Global at the PPIM Conference in Houston this week. The initial focus will be on creating rapid sales synergies. NDT Global’s operational know-how, experience and footprint will improve the robustness of ART inspection service. The integration process is expected to be finalized during the course of 2020. This will allow the Halfwave team to remain focused on continuing to develop the science for onshore metal thickness applications, as well as crack inspection.

About NDT Global

NDT Global is a leading supplier of ultrasonic pipeline inspection and data analysis. Its state-of-the-art inspection fleet provides the entire inline inspection service (ILI) spectrum for onshore and offshore pipelines worldwide. NDT Global’s full range of services includes geometry and deformation inspection, metal loss and crack inspection, defect assessment and fitness for purpose investigations. First run success, best data quality and rapid report delivery are its key benchmarks. A skilled engineering and project management team, complemented by one of the best data analysis teams in the industry, has inspected and analyzed pipelines worldwide. The company has offices in Australia, Canada, Germany, Ireland, Mexico, Spain, UAE, UK and USA. www.ndt-global.com

About Halfwave

Halfwave provides accurate and reliable inspection data that allows its customers to make informed choices in order to maintain the integrity of critical assets. Halfwave has developed innovative cost-effective inspection tools and services for the energy market. Key to Halfwave’s offering is its patented ultra-wideband acoustic inspection technology (ART), which offers penetration and measurement capabilities significantly exceeding those of existing inspection technologies. The company has established ART as a superior technology for pipeline & subsea inspection. Halfwave’s workshop and office headquarters are located in Bergen, Norway. The company also has an office in Oslo and a workshop in Houston, USA. www.halfwave.com

About Eddyfi/NDT

Eddyfi/NDT is a fast-growing, innovative private Test & Measurement (T&M) technology group focused on Non-Destructive Testing (NDT). Through its 2 divisions, Advanced NDT Equipment and Advanced Integrated Inspections, it caters to asset owners, large engineering firms, and service companies globally in markets such as Aerospace, Energy, Mining, Power Generation, and Transportation. Eddyfi/NDT believes that advancing NDT science and technology via sensors, hardware, robotics and software makes the world safer, more productive and more environmentally secure. The company employs over 1,100 people throughout 22 offices worldwide and serves clients in more than 110 countries. www.eddyfi-ndt.com

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