Energy group STATS Group has announced the acquisition of Pipelines 2 Data (P2D), a company specialized in intelligent pigging and data intelligence for pipelines. This operation, backed by Mitsui & Co Ltd, is part of a strategy to strengthen its global presence and expand its integrated service offering in the pipeline integrity sector.
On one hand, STATS Group will contribute its expertise in technologies such as pressurized pipeline isolation, hot tapping, and line stopping, while P2D will add its intelligent pigging, inspection, and data analysis solutions.
A Relationship of More Than 10 Years
Both companies have maintained a collaborative relationship for more than a decade, during which they have worked together on projects in regions such as the United Kingdom and the Middle East.
We are excited about the opportunity to incorporate P2D’s talent and technology into our customer offering to help them solve their complex pipeline integrity challenges. […] We view this acquisition as part of a long-term growth strategy that builds on our track record in the United Kingdom and will strengthen STATS’ global presence.
Stephen Rawlinson, Chief Executive Officer of STATS Group.
I am proud of P2D and excited about the opportunity and future that lies ahead under STATS’ leadership. With P2D, I set out to create a unique offering focused on solving the challenges of the pipeline integrity market through practical and intelligent insights derived from data collected by our robust technology. I look forward to contributing to further expanding the scale and reach of P2D’s offerings globally with the additional resources that companies like STATS and Mitsui can provide.
Steve Mayo, Chief Operating Officer of P2D.
Operational Continuity and International Projection
Regarding the organizational structure, P2D’s management team will remain with the company, ensuring continuity in its operations. The company will continue to operate from Aberdeen, with additional presence in Canada and the United States.
In this way, STATS Group strengthens its international positioning and advances toward an integrated services model that responds to the new demands of the sector.
Source: STATS Group