CANADIAN energy services company ShawCor has acquired Dutch pipeline manufacturer Dhatec for an undisclosed amount.
Dhatec, which designs, assembles and markets engineered pipe logistics products and services, earned about US$25 million in revenue in 2014.
ShawCor president Steve Orr said the acquisition would bring new characteristics to the company.
“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,” he said.
ShawCor operates through nine divisions with over 90 manufacturing and service facilities located around the world.