CDPQ and Novacap-backed Eddyfi completed the acquisition of Halfwave.

CDPQ and Novacap-backed Eddyfi, a provider of the Non-Destructive Testing inspection technologies, completed the acquisition of Halfwave, the owner of the proprietary Acoustic Resonance Technology, an ultrasound-based technique which allows high-precision measurements in imperfect conditions and without the need for liquid couplant. Financial terms were not disclosed. "It has been a great journey growing and developing the ART NDT platform into unique market-leading pipeline and subsea inspection applications. The combination of a talented Halfwave team, forward-looking clients and unwavering support from our owners has provided an unstoppable recipe for success. Eddyfi/NDT's impressive complementary technology portfolio, technology focus and global footprint provides the perfect vehicle for ART to realize its full potential in the market. We are very excited at becoming part of the Eddyfi/NDT team," Paul S Cooper, Halfwave CEO.