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K2 Power Group has acquired the hazardous-area inspection companies division of Eutex Inc., strengthening its world footprint in offshore security, verification and compliance assist for drilling contractors and oil and gasoline operators. The deal, introduced Nov. 13, contains K2’s buy of Eutex Worldwide Pte Ltd in Singapore. Monetary phrases weren’t disclosed.
The acquisition provides Eutex’s hazardous-area inspection, verification, digital knowledge administration and remediation companies to K2’s portfolio, complementing the corporate’s technology-driven upkeep and engineering choices. K2 stated the mixed capabilities will assist main offshore manufacturing operators and worldwide drilling contractors meet more and more stringent compliance necessities extra effectively and cost-effectively.
Eutex will retain its world coaching, certification and product distribution companies. Each firms have additionally established a strategic cooperation settlement to proceed supporting one another’s service traces worldwide.
“Partnering with K2 was a pure subsequent step as Eutex refines its progress technique,” stated Tommy Sutherland, CEO of Eutex and Founding father of Sutherland Holdings Worldwide. “This deal aligns with our mission to construct resilient, high-performing firms that ship long-term worth.”
K2 Chairman Nick Conway stated the acquisition deepens the corporate’s experience in electrical and hazardous-area companies and expands its attain into new areas and power markets. “This milestone strengthens K2’s progress trajectory and enhances our potential to assist prospects throughout the offshore sector with specialised merchandise and applied sciences,” he stated.
Sutherland Holdings famous that the transaction demonstrates its continued effort to construct specialised platforms positioned for world progress throughout the power and industrial sectors.
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