Industry Headlines

Zetec Acquires Power Generation Business

August 1, 2004
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ISSAQUAH, WA-Zetec Inc., a full-solution supplier of nondestructive evaluation (NDE) solutions in the power generation industry has acquired the Power Generation Business of R/D Tech Inc. (Quebec).

Zetec acquired Power Generation Business assets located in the R/D Tech facilities primarily in Quebec, Charlotte, NC, and Deep River, Ontario, Canada. Assets include the rights to current and planned products developed by the Power Generation Business. The transaction also involves the transfer of approximately 100 Power Generation Business employees globally.

Zetec will support, develop and promote, under the Zetec brand, the former R/D Tech Power Generation product line that includes equipment employing eddy current, remote field, magnetic flux leakage and ultrasound technologies. When feasible, these products will be integrated with Zetec products and services.

Chuck Havill, Zetec's president, says that the acquisition marks a strong step forward for Zetec. "We are building a leader in NDE products and services, entering new markets, strengthening our ability to launch new products and services, and enhancing our pool of talent. We are creating opportunities for significant growth.

"Zetec and the Power Generation Business have truly complementary products, strengths and talents, enabling us to realize our strategic goals more quickly and efficiently," says Havill. "Offering customers around the world a fully integrated eddy current and ultrasound NDE solution provides an immediate and measurable advantage to them and to Zetec."

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