ShawCor Ltd. has completed the acquisition of Dhatec B.V. (Dhatec) for an undisclosed amount. Dhatec is a Netherlands based company which designs, assembles and markets engineered pipe logistics products and services which mitigate damage and enhance safety and efficiency in the manufacturing, coating, handling, transportation, preservation and storage of pipe. Dhatec's estimated revenue in 2014 is approximately US$25 million.
Mr. Steve Orr, President and CEO of ShawCor stated that: "The acquisition of Dhatec will complement our pipeline performance strategy of combining pipe coating products and services into innovative solutions that extend the life and increase the operating envelope of our customer's pipeline assets."
ShawCor Ltd. is a global energy services company specializing in products and services for the pipeline and pipe services and the petrochemical and industrial segments of the oil and gas industry. The Company operates through nine divisions with over ninety manufacturing and service facilities located around the world.