Bureau Veritas Strengthens US O&G Position by Acquiring DTI

Bureau Veritas has acquired DTI DiversiTech, Inc., a US company specialized in inspection and audit services for the oil and gas sector.

Founded in 1989 and based in Texas, DTI is the US leader in inspection of offshore subsea and completion equipment used in drilling operations, a market estimated at USD 150 million. The company employs more than 85 people and generated revenue of approximately EUR 15 million (USD 20.3 million) in the year ended August 31, 2013.

DTI will allow Bureau Veritas to strengthen its presence in the oil and gas market in the United States, particularly in the Gulf of Mexico. This region offers significant growth prospects that are driving investment in new drilling and production infrastructure.

Didier Michaud-Daniel, Bureau Veritas’ Chief Executive Officer, said: “The oil and gas industry is increasingly using our services amidst growing technological challenges in offshore exploration and production, in a more stringent regulatory environment. The integration of DTI strengthens our expertise and reinforces the Group’s technical capabilities and position in the United States.”

Gerald Falls, DTI’s President and Chief Executive Officer, added: “We are delighted to become a part of Bureau Veritas. Our complementary activities will enable us to offer additional services to our clients and to accelerate DTI’s expansion.”

Bureau Veritas’ workforce in North America now reaches more than 6,000.

Press Release, June 03, 2014

Share this article

Follow Subsea World News

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 22nd lnternational Offshore Crane and Lifting Conference

The Norwegian Society of Lifting Technology (NSLT) & The Offshore Mechanical Handling Equipment Committee (OMHEC) invite you …

read more >

OMC 2017

OMC mission is serving all people interested in the Mediterranean Offshore Industry…

read more >

Ocean Business 2017

Ocean Business 2015 was phenomenally successful, with visitor numbers up an incredible 29%. The overall attendance was a staggering 4,589…

read more >

International Connectivity and Cables Conference

Meet and network with leading telecom operators and OTTs including du, Etisalat, Omantel, Saudi Telecom Company, Yahoo, Angola Cables…

read more >