February 2022, Vol. 249, No. 2
Business
Companies in the News February 2022
Companies
KTN Becomes Full Member of ROSEN Group
KTN AS, which has worked closely over the past five years with the ROSEN Group to provide in-line inspection (ILI) services for challenging pipelines, has become a full member of the ROSEN Group to provide its portfolio of services under the ROSEN brand.
The strategic alliance further extends ROSEN’s technology and capabilities portfolio and hereby increases the possibilities for customized solutions for challenging pipeline diagnostics, the company said.
KTN AS is a provider of proprietary, technology-enabled ILI, particularly in the ‘unpiggable’s market segment. The decision to offer solutions under one brand was made to ensure operators are best supported in customizing solutions for their pipelines, ROSEN said, adding that no personnel changes will be.
The additions to the portfolio include mainly self-propelled tethered inspection units utilizing UT and TOFD technologies as well as additional resources for feasibility studies. The tethered in-line inspection method enables the collection of high-quality data on pipeline integrity status based on a variety of unique features.
In addition to providing customized solutions, KTN adds the following services to ROSEN’s portfolio:
- Ultrasonic geometry inspection (diameter variation, dents, ovalities)
- Ultrasonic corrosion/wall thickness inspection (normal beam, pulse-echo)
- Ultrasonic axial and circumferential crack inspection (angular beam, pulse-echo, shear wave and TOFD)
- Eddy current technologies for corrosion and coating
- Visual inspection with CCTV camera (in visible products)
- XYZ mapping services
Privately owned ROSEN Group is based in Stans, Switzerland, and employs more than 4,000 people at operations in more than 120 countries.
Technical Toolboxes, the software provider supporting midstream engineering needs, has been acquired by HKW, a middle-market private equity firm focused on growth-oriented companies. Technical Toolboxes’ products include the Pipeline Toolbox, RSTRENG, AC Mitigation Toolbox and Horizontal Directional Drilling (HDD) Toolbox and are used by more than 400 operators and service providers in the midstream pipeline sector. Since 1982, HKW has sponsored 65 platform transactions of lower middle-market companies throughout North America and 71 add-on acquisitions.
Fecon LLC, a global manufacturer of heavy-duty forestry mulching equipment, announced that LFM Capital, has sold Fecon to Windjammer Capital Investors. Lebanon, Ohio-based Fecon, which was founded in 1992, serves a variety of end markets, including utility and infrastructure maintenance, right of way/site development, fire prevention and other applications.
Comments