CRC Evans is pleased to announce that it has signed
an agreement for the Sale of its Quantive Group
inspection business, for an undisclosed sum, with completion expected to
formally take place in early 2024.
Proceeds from the divestment significantly enhance CRC Evans’
capital position, which will support the company’s growth and
strengthen focus on its core welding and coating service delivery.
move is aligned with the Group’s overall strategy and
reinforces CRC Evans’ commitment to becoming the preferred partner
for the evolving global energy and wider infrastructure sectors.
For the buyer, the acquisition of Quantive Group helps to
consolidate its standing in the inspection market.
are market leaders with complementary core competencies and
customer-centric approach with a strong foundation in operational
excellence and safety, which will help to ensure a seamless transition and
uninterrupted service and support for clients.
The Transaction comprises the Sale by CRC Evans of its
shareholdings in the Quantive Group LLC, together with associated