Business
ShawCor Ltd. announces acquisition of X-Tek Industrial Limited
ShawCor Ltd. announces acquisition of X-Tek Industrial Limited.
About this update from Mattr Corp
[{"type":"text","content":"\n\n\n\n(TSX: SCL.A, SCL.B)\n\n\nTORONTO, June 6 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced\nthat it has completed the acquisition of X-Tek Industrial Limited from X-Tek\nSystems Limited in the United Kingdom. As a result of the acquisition, the\ncompany has been renamed Shaw Inspection Systems Limited.\n\n\nShaw Inspection Systems is a leader in the development of specialized,\nreal time/digital non-destructive testing systems. The company's technologies\nprovide particular benefits for inspection in the pipeline industry including\nthe ability to inspect welds on clad pipe at the high inspection rates\nrequired when laying offshore pipelines. Shaw Inspection Systems expertise\nprovides a complete range of x-ray equipment designed to meet specific\ncustomer requirements including both the hardware and specialized software\nneeded to ensure the efficient operation of the inspection system. The company\noffers a range of innovative products developed specifically to eliminate the\nneed to use x-ray film while speeding up inspection processes. Shaw Inspection\nSystems utilizes dedicated R&D capabilities to address extensive and diverse\napplications in a wide range of industries including aerospace, military,\nnuclear and pipeline. The company provides high value added to customers by\ndeveloping and commercializing innovative x-ray technologies with lowest cost\nof ownership and full support.\n\n\nShawCor Ltd. is a growth-oriented, global energy services company that\noperates through six divisions which focus on technology-based products and\nservices for the pipeline and pipe services and the petrochemical and\nindustrial markets with over sixty manufacturing and service facilities\nlocated around the world.\n\n\nThis news release contains forward-looking information within the meaning\nof applicable securities laws. Words such as "may", "will", "should",\n"anticipate", "plan", "expect", "believe", "predict", "estimate" and similar\nterminology are used to identify forward-looking information. This\nforward-looking information is based on assumptions, estimates and analysis\nmade in light of the company's experience and its perception of trends,\ncurrent conditions and expected developments, as well as other factors that\...