Pure acquires Pressure Pipe Inspection Company

Global News

Publishing Date: 07 Sep 2010 12:22pm GMT
Author: Trenchless World

Lining

Ontario-based Pure Technologies has announced that it has acquired The Pressure Pipe Inspection Company (PPIC) for nearly US$33 million in cash and its common stock. Scott MacDonald, Partner with Emerald Technology Ventures (PPIC's largest shareholder), will join Pure's Board of Directors.
Dr. Brian Mergelas, formerly CEO of PPIC, is now Pure's senior vice-president, corporate strategy and development. A recognized authority in pipeline condition assessment, Dr. Mergelas will be a key contributor for shaping Pure's strategic direction and in identifying future opportunities to grow Pure's business.

A privately-owned company, PPIC is a leader in large-diameter water and wastewater pipeline condition assessment and is currently active in North America (including Mexico), South America, the Philippines and Hong Kong. It recently expanded its international coverage with a branch office in Abu Dhabi and a joint venture company in Hong Kong.

Peter Paulson, Pure CEO, said: "This is a significant milestone for Pure and for the international water technology sector. The combined Pure/PPIC entity will be a world leader in the field of condition assessment and asset management for water and wastewater pipelines.”