Further to its announcement on 14 October, 2015, Intertek, a leading quality solutions provider to industries worldwide, has announced the successful completion of the transaction to acquire Professional Service Industries, Inc. (PSI), under which Hi-Tech Testing Services, Inc. (Hi-Tech), a provider of non-destructive testing (NDT) services in the U.S. and part of PSI, will join Intertek's Industry Services business line.
Hi-Tech offers NDT services to the oil and gas market, primarily for the mid-stream operational/pipeline sectors, and also supports customers in the pulp and paper, railcar, fabrication, chemical and transportation industries.
"The acquisition of Hi-Tech's expert non-destructive testing services further demonstrates Intertek's commitment to helping customers maximize their investment in not only new construction, but also ongoing asset maintenance," said Stefan Butz, Chief Executive Industry, COO Europe & China at Intertek. "By combining our service portfolio with Hi-Tech's NDT services, we are better positioned to support our customers, who depend on expertise, access to a complete portfolio of high-quality technical services, and strong geographic presence to provide them with comprehensive services."
As the fifth key investment in NDT services, the addition of Hi-Tech positions Intertek is a major provider of NDT services across four international hubs which include the previous acquisitions of NDT Services Ltd in the UK, Global X-Ray & Testing Corporation in the U.S., INSPEC in the U.A.E. and Adelaide Inspection Services (AIS) in Australia. Hi-Tech employs 300 personnel across 11 locations in eight States. Integrating Hi-Tech's NDT services with Intertek's global portfolio of technical services provides local and global customers access to a broad suite of quality and safety services, including testing, inspection, consultancy, certification and training services.
"Hi-Tech was founded on the core principals of safety, quality, ethics, and forging strong client relationships," said Richard Bundrick, COO of Hi-Tech. "This is an exciting opportunity for Hi-Tech that will allow our combined forces to better serve our clients from a stronger geographic and quality resources platform. We are truly excited to now be part of one of the most high-quality NDT industry leading service providers in the country."
Intertek is a leading quality solutions provider to industries worldwide. From auditing and inspection, to testing, training, advisory, quality assurance and certification, Intertek adds value for its customers by helping improve the quality and safety of their products, assets and processes. With a network of more than 1,000 laboratories and offices and over 38,000 people in more than 100 countries, Intertek supports companies' success in the global marketplace, by helping customers to meet end users' expectations for safety, sustainability, performance, integrity and desirability in virtually any market worldwide.
About Hi-Tech Testing Services, Inc. (Hi-Tech)
Hi-Tech Testing Services, Inc. joined Professional Service Industries, Inc. in 2012. The company is a leader in the provision of non-destructive testing services to the oil and gas, chemical, transportation and fabrication industries in the U.S. Hi-Tech partners with customers and provides vital testing and inspection services during the lifecycle of an asset, particularly during construction and facility management. Hi-Tech delivers trusted technical services that meet the structural integrity and asset management needs of its customers.