ECOTEC International Holdings LLC has acquired GAZOMAT S.A.R.L., a subsidiary of T.D. Williamson (TDW).
GAZOMAT manufactures portable gas leak detection instruments, leak detection services, and first-responder environmental safety equipment.
ECOTEC and GAZOMAT use similar core technologies and serve complementary markets. As a result, the acquisition represents an opportunity to expand capabilities and geographic reach.
Johan Desaegher, Vice President of TDW Europe, Africa, and the Middle East, commented: "This is an exciting time for GAZOMAT employees as they have helped develop and penetrate new markets with leading leak detection technologies. T.D. Williamson would like to thank all GAZOMAT employees for their cooperation. In the near-term we will work to support the safe and efficient transition of all GAZOMAT operations to ECOTEC."
ECOTEC CEO Christopher D. Cummins said the acquisition joins technology and talent in the form of dedicated GAZOMAT employees who are joining the ECOTEC team.
"We believe this unique opportunity combines two businesses that service complementary markets and utilise similar core technologies, as well as brings together a team of astoundingly talented and dedicated employees," he explained. "We are fully committed to the successful future of our expanded organisation."
Edited from press release by Angharad Lock
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/14062016/td-williamson-and-ecotec-complete-gazomat-deal-217/