STATS Group, a leader in pressurised pipeline isolation, hot tapping and line stopping services, has acquired Aberdeen-based pipeline intelligence and cleaning specialist Pipelines 2 Data (P2D) in a move designed to expand its global pipeline integrity and maintenances service offerings
The deal, which builds on a long working relationship between the two companies and is backed by STATS Group’s parent company Mitsui, forms part of a long-term plan to build a comprehensive pipeline services platform combining inspection, diagnostics, maintenance and repair capabilities.
P2D has built a strong reputation for its smart pipeline cleaning, surveys and critical data analytics, which help operators assess pipeline condition and performance prior to maintenance or intervention activities, providing valuable insights.
The two companies have collaborated on projects in the Middle East and the UK, which have demonstrated the strong technical alignment between both entities and the operational benefits to clients. P2D will continue to operate from its base in Aberdeen and operational hubs in Canada and USA, while working closely with STATS to integrate technologies and develop joint service offerings.
It is hoped that the combination of P2D’s inspection and cleaning expertise with STATS’ pipeline isolation and maintenance technologies will create a unique service offering in the pipeline services market, enabling operators to manage pipeline integrity more efficiently through a single, integrated provider.
STATS chief executive officer, Stephen Rawlinson, said, “We are excited about the opportunity to add P2D’s talent and technology offering to our clients to help solve their complex pipeline integrity challenges. There are clear synergies between both organisations, and a strong cultural fit.
“We see this acquisition as part of a long-term growth strategy which builds on our UK heritage and will strengthen STATS’ global footprint. As a long-time trusted partner, we have identified that having access to P2D’s technology will add innovation to our product portfolio as we continue to look for opportunities to help our customers in the pipeline Inspection, Repair and Maintenance market.”
Steve Mayo said: “I am proud of P2D and excited about the opportunity and future under the stewardship of STATS. With P2D, I set out to create a unique offering and focused on solving challenges in the pipeline integrity market through ‘smart’ actionable insight derived from the data collected by our robust technology. I look forward to helping further expand the scale and scope of P2D’s offerings globally with the additional resources that companies like STATS and Mitsui can bring.”
Stats Group employs more than 500 staff across operational bases in the UK, Australia, Canada, Malaysia, UAE, Oman, Qatar, Saudi Arabia and USA.
STATS Group expands pipeline integrity offering with P2D acquisition
The acquisition will bring together P2D’s inspection and cleaning expertise with STATS’ pipeline isolation and maintenance technologies. (Image source: STATS Group)
