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Kinectrics Reaches Agreement to Acquire Axiom NDT

December 03, 2007

Toronto, Ontario, December 3, 2007 – David Harris, President and CEO of Kinectrics Inc. today announced that Kinectrics has finalized an agreement to acquire Axiom N.D.T. Corporation of Cambridge, Ontario, an established company specializing in field inspection technologies of critical components for the power generation and other industries.

“This acquisition is a further step in our growth strategy, strengthening our position in the specialist inspection market,” stated Harris. “We have been very successful in our transition from government ownership to the private sector, achieving significant growth. The acquisition, allows us to provide a complete range of inspection services, providing enhanced commercial value for our customers.”    

“We are pleased that Axiom N.D.T. will become a Kinectrics company and are confident that the integration of our respective technical capabilities in the inspection area will be of enormous benefit to the generation industry,” said Tom Thomson, CEO Axiom N.D.T.

“Axiom N.D.T.’s unique ultrasonic inspection technologies are an ideal complement to Kinectrics’ own in-house non-destructive inspection capabilities, particularly in the area of nuclear component testing,” explained Kevin Maynard, Manager for Kinectrics’ Inspection and Maintenance Systems Department.

Applications developed by Axiom N.D.T. for the unique, in-demand “Phased Array” inspection method will be made available, enabling clients to achieve more significant savings in outage time and costs, while being assured of superior inspection results. Highly regarded within the power generation industry, the leading-edge Phased Array technology enables plant components of complex geometries to be inspected with the utmost and optimum accuracy.

Established as an Ontario company in 1990, Axiom N.D.T. is a recognized supplier for Non-Destructive Testing and Inspection. The company has an excellent reputation with its clients and has conducted projects in nuclear and fossil fuel power generation, petrochemical, and oil and gas pipeline construction, forging and marine engineering.

Through the acquisition of Axiom N.D.T. and the mutual expansion of generation plant inspection services, Kinectrics and Axiom N.D.T. will together continue to build proudly on long-established international reputations for technical excellence.

Media contact:
Maureen Rhodes
416-207-6000 ext 6510
maureen.rhodes@kinectrics.com