Lateral Wave acquired by H Scan International
03/11/2014
Specialised inspection and engineering services company, H Scan International Inc (HSI), based in Los Angeles, California, has announced the acquisition of UK-based advanced ultrasonic services company Lateral Wave Limited.
HSI President, Brian Shannon, commented that the acquisition of Lateral Wave further expands HSI’s European operations in providing advanced NDE services to various industrial markets. Shannon further added that Lateral Wave founders Steve and Jacqui Traves have built an excellent company, which completely fits the HSI vision of high-quality and professional service offerings. The compatibility of core values and shared vision, while continuing to grow the business footprint, are key elements in the success of a business acquisition, noted Shannon.
Steve Traves, who will remain as Technical Director, said: “Over the past ten years there have been around a dozen offers from UK and overseas companies to acquire or merge with Lateral Wave. While several of the offers were extremely attractive, Jacqui and I felt their commitment to quality wasn’t sufficient for us to agree a deal. Lateral Wave has worked with HSI on a number of contracts in Norway and Trinidad. There have also been regular visits by Brian to Lateral Wave and by us to the HSI headquarters in Los Angeles. It was the clear commitment to quality from the HSI staff, coupled with Brian’s enthusiasm and vision for the future of the advanced ultrasonic service industry, that convinced us that HSI was the perfect fit for us. I would like to thank those who have worked tirelessly over the years to make Lateral Wave the quality company that it is. Our staff looks forward to an exciting future with both HSI and HSI Comada (Northern Ireland) Limited.”
Lateral Wave management and staff will remain with the company, which will trade under the ‘HSI – Lateral Wave Limited’ name.
www.lateralwave.co.uk
