MISTRAS Group Acquires Engineering Consulting Services and Technical Training Company
November 12 2013 - 1:30PM
MISTRAS Group, Inc. (NYSE:MG) announced today that it has acquired
Carmagen Engineering, Inc. a professional engineering consulting
and technical training services provider serving the hydrocarbon
processing and other energy-related industries.
Since 1986, Carmagen has been providing a wide range of services
focused on the oil & gas industry that includes plant
operations support; profit improvement analysis; turnaround
planning & execution programs; and technical training ranging
from process safety to reliability and maintenance, to asset design
and integrity instruction.
"We are very pleased with the addition of Carmagen and its very
experienced professional engineering team. Carmagen will deliver
high value engineering services from an owner/operator perspective,
supporting our one source for asset protection solutions strategy
by providing customers with competitive advantages," said Sotirios
Vahaviolos, Chairman and CEO of MISTRAS.
One area that Carmagen engineering services directly is an
ongoing need from customers to reduce downtime by shortening the
duration of turnarounds and extend run length between shutdowns and
turnarounds without compromising safety and reliability.
"This is an ideal complement to MISTRAS' comprehensive and
advanced asset protection portfolio of solutions by identifying the
right inspection technologies and methods, information management,
and monitoring system requirements early in the planning phase to
meet the customer's objectives," said Ralph Genesi, Group Executive
Vice President, Sales & Marketing.
"The Carmagen team is very excited about the strong synergies
and tremendous growth opportunities available to us under the
MISTRAS umbrella, now being able to introduce our brand of
professional services to the vast MISTRAS oil & gas
customer base worldwide, and helping MISTRAS expand their
substantial capabilities to additional technical areas," said
Vincent Carucci, President, Carmagen Engineering, Inc.
About MISTRAS Group:
MISTRAS is a leading "one source" global provider of
technology-enabled asset protection solutions used to evaluate the
structural integrity of critical energy, industrial and public
infrastructure. Mission critical services and solutions are
delivered globally and provide customers the ability to extend the
useful life of their assets, improve productivity &
profitability, comply with government safety and environmental
regulations and enhance risk management operational decisions.
MISTRAS uniquely combines its industry leading products and
technologies -24/7 on-line monitoring of critical assets;
mechanical integrity (MI) and non-destructive testing (NDT)
services; destructive testing (DT) services; and its proprietary
world class data warehousing & analysis software - to provide
comprehensive and competitive products, systems and services
solutions from a single source provider.
For more information, please visit the company's website at
http://www.mistrasgroup.com.
CONTACT: Nestor S. Makarigakis,
Group Director of Marketing Communications,
marcom@mistrasgroup.com,
1(609)716-4000
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