Novacap and CDPQ-backed Eddyfi Technologies completed the acquisition of NDT Global.

Novacap and CDPQ-backed Eddyfi Technologies, a provider of inspection technologies, completed the acquisition of NDT Global, an ultrasonic pipeline inline inspection and data analysis supplier for onshore and offshore pipelines worldwide. Financial terms were not disclosed. "We have spent the past 10 years developing, acquiring and perfecting the most advanced NDT modalities in the world. At every level of technology, pushing the limits of NDT to new heights has allowed us to solve critical problems and deliver superior, information-rich data for the benefits of our clients. However, selling inspection instrumentation & technology alone in certain very niche and specialized sub-verticals, such as ILI inspection, simply does not work. We are therefore excited to join forces with NDT Global and work with them and their clients to take ILI NDT to the next level," Martin Theriault, Eddyfi CEO.