Apave completed the acquisition of IRISNDT from First Reserves.

Apave, a provider of risk management services, completed the acquisition of IRISNDT, a provider of advanced and general non-destructive testing, from First Reserves, a global private equity firm investing across diversified energy, utility, and industrial end-markets. Financial terms were not disclosed. "We are delighted to have reached this agreement with First Reserve to acquire IRISNDT. I would like to welcome the IRISNDT teams, who, like Apave's 14,000 employees, share our strong values and the expertise that enables us to support our industrial customers in managing the risks associated with their activities and their own transformation," Philippe Maillard, Apave CEO.