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  5. NDT Corrosion Acquires HI-TECH Inspection Services

M&A Deal Summary

NDT Corrosion Acquires HI-TECH Inspection Services

On March 12, 2017, NDT Corrosion acquired business services company HI-TECH Inspection Services

Acquisition Highlights
  • This is NDT Corrosion’s 1st transaction in the Business Services sector.
  • This is NDT Corrosion’s 1st transaction in Oman.

M&A Deal Summary
Date 2017-03-12
Target HI-TECH Inspection Services
Sector Business Services
Buyer(s) NDT Corrosion
Deal Type Add-on Acquisition

Target

HI-TECH Inspection Services

Sultanate, Oman
Hi-Tech offers a complete range of non-destructive testing, post-weld heat treatment and specialized inspection services to clients in Oman engaged in the oil and gas, manufacturing and construction sectors. Hi-Tech employs over 600 specialized technicians and has an estimated market share of over 35% in Oman.

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Buyer(S) 1

Buyer

NDT Corrosion

Dammam, Saudi Arabia
Category Company
Founded 1975
Sector Business Services
DESCRIPTION

NDT Corrosion provides non-destructive testing (“NDT”) services for a range of industrial sectors including oil and gas, petrochemicals, mining, nuclear and utilities. NDT Corrosion was founded in 1975 and is based in Dammam, Saudi Arabia.

DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Oman M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 International Inspection Centre Co. W.L.L

Sabahiya, Kuwait

International Inspection Centre Co. W.L.L is a provider of industrial non-destructive testing (“NDT”) and inspection services. International Inspection Centre Co. W.L.L is based in Sabahiya, Kuwait.

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