January 24th, 2023 by Karen Rennie
January 2nd, 2023 by Karen Rennie
CRC Evans today announced the creation of a world-leading welding and coating services provider following a merger between four market-leading organisations.
The merger sees Pipeline Technique, CRC-Evans Pipeline International, Pipeline Induction Heat and Global Project Services unite under the CRC Evans banner, accelerating the company’s ambition to be the world’s leading provider of welding and coating services for the energy and wider infrastructure sectors, including emerging energies, as the global transition gathers pace. The new CRC Evans (CRCE) business brings together more than 1000 employees across five continents.
Founded in 1933, CRC Evans has a strong heritage of onshore and offshore oil and gas pipeline construction, manufacturing and technology development and a name that has earned the trust of customers around the world. The CRCE acronym connects past and future into a dynamic and modern identity that will allow the group to expand its core delivery of welding and coating services across four key sectors: oil and gas, renewable energies, infrastructure and nuclear.
Fréderic Castrec, CEO of CRC Evans said “The increased scale and capability of our business will help us to grow across geographies and bring our expertise and technologies to markets such as the renewables sector where the application of our knowledge is helping to solve the infrastructure challenges facing floating wind, hydrogen, carbon capture and nuclear.
“The energy and infrastructure industries are evolving, and we are evolving with them. The creation of CRC Evans helps to position our growing suite of services more accurately, indicating our evolution within these sectors.
“We need to be agile and responsive to the challenges our customers face, and we are determined to help each of them keep moving forward in their respective markets.” Ben MacKay, COO of CRC Evans, said “Bringing our businesses together as one organisation reinforces our position at the head of the global welding and coating services markets across the global energy and wider infrastructure sectors.
“The knowledge, experience and shared specialisms that exist within our team will enable us to provide a robust service offering and our expanded footprint means that we can deliver more efficiently for our customers around the world.”
January 2nd, 2023 by Karen Rennie
Pipeline Technique (PTL), a leading provider of welding and coating solutions to the global onshore and offshore energy sectors, has entered into a long-term agreement with Subsea7 for the provision of welding and field joint coating services.
Under the terms of the agreement, PTL will provide Subsea7 with access to both a team of experienced specialists, and cutting-edge equipment, building upon the pre-existing and long-standing relationship between the two companies.
PTL supports customers’ projects through the consistent and progressive delivery of global rigid pipeline systems, locally tailored solutions, automation and strategic supply chain partnerships. The company has recently acquired the Oil & Gas division from Stanley Black & Decker, a major international pipeline services and equipment provider, bringing together two long term suppliers of Subsea7 and further strengthening this collaboration agreement.
Ben Mackay, Chief Operating Officer for PTL, said “By offering predictability, we can provide Subsea7 with a robust foundation for long-term planning and enhanced project performance. We look forward to contributing to more efficient operations benefitting both parties.”
PTL Chief Executive Officer, Frederic Castrec said “PTL’s close working relationship with Subsea7 spans several years, and this collaboration agreement forms the basis for its long-term continuation.”
November 28th, 2022 by george
Pipeline Technique (PTL), a market leader in the onshore and offshore infrastructure welding, coating, and technological engineering sector, has today completed its transformational acquisition of a trio of industry-leading energy infrastructure businesses from Stanley Black & Decker. This marks the second acquisition of 2022 for PTL following the acquisition of Global Project Services in April.
PTL has acquired a group of three companies from Stanley Black & Decker, CRC-Evans, Pipeline Induction Heat (PIH), and Stanley Inspection including MicroAlloying. This acquisition creates a global leader in welding, coating, and technical engineering, significantly increasing the company’s headcount and immediately delivering a threefold increase in revenue for PTL, which is now expected to exceed $200 million.
PTL is now in a position to expand its essential welding, coating related projects and contracts across the world. Every aspect of the energy mix – including traditional gases, hydrogen, ammonia, and carbon capture – requires welding and coating to deliver safe, reliable, secure energy to meet the world’s growing energy demands.
PTL now has a broad range of industry-leading, cutting-edge technology including CRC-Evans’ world-renowned series of automatic and automated M-500 and P-625 welding machines, and PIH’s injection moulded polypropylene (IMPP) for thermally insulating welded joints using a low overall heat transfer coefficient that can perform at high operating temperatures. Stanley Inspection adds the latest technology to deliver complete non-destructive testing (NDT) solutions.
Frederic Castrec, CEO of PTL, said: “PTL delivers the essential building blocks of the energy supply chain. Low-carbon solutions like wind, hydrogen, and ammonia, at the forefront of new energy investment, still need the essential welding and technical engineering services we have provided for over 20 years.
“Investment in gas and renewables continues to grow to drive the energy transition and this acquisition places us at the forefront of a welding industry that is integral to meeting the world’s growing energy demands. As a result we will now be looking to take on essential work in more regions than ever before.
“We look forward to welcoming these three exceptional teams into our business and cannot wait to seize the opportunities this next chapter brings.”
Martin Somerville, Managing Director of Bluewater, which owns the business, said “This acquisition will help PTL continue its exceptional growth record. Frederic and his leadership team are better placed than ever to take on this critical work across the globe.
“In the last two months alone since the announcement of the acquisition, the company has signed significant new contracts to deliver services in new geographies. We strongly believe that these acquisitions have played a big part in winning these new projects.