IRISNDT acquires assets of Viking Inspection Limited
06/09/2022
IRISNDT has announced the acquisition of certain assets of Viking Inspection Limited (Viking). Viking has provided EEMUA 159 tank inspections and API 570 pipeline inspections to the chemical, petrochemical, refining, storage and construction industries since 2014. These services have been provided UK-wide and abroad from Viking’s Grimsby office. Plans are to move these services to IRISNDT’s Immingham facility. Here, Viking will benefit from improved facilities, access to capital investment and additional support from IRISNDT.
IRISNDT is a privately owned non-destructive testing (NDT), inspection and integrity engineering company with operations in the USA, Canada, the UK and Australia. The company serves a blue-chip customer base in the refinery, petrochemical, chemical, agricultural and power/renewables sectors around ongoing operational activities and maintenance turnaround projects, as well as construction and expansion projects. The company is owned by IRISNDT employees and First Reserve, a leading global private equity firm focused on energy and related industrial markets, and has 23 branch locations in the USA, as well as nine in Canada, seven in the UK and five in Australia.
Roman Kyrnyckyj, Managing Director of IRISNDT UK, commented: “We welcome Stephen Delves and Viking, its employees and customers to the IRISNDT family. Viking is a company that we have followed for a few years and we are very excited at this outcome. The addition of Viking fits perfectly into our overall asset integrity engineering strategy and under Stephen’s leadership we will be able to offer a more focused tank inspection service.”
Bret Moffett, CEO of IRISNDT, said: “Following our recent acquisition of James Fisher NDT to build the IRISNDT aerospace and defence business, this investment in a robust tank inspection business operation with a well-qualified employee base will further strengthen our UK services portfolio in the asset integrity engineering, renewables and energy markets. We will continue to evaluate attractive add-on acquisition opportunities.”
