Trenchless Technology

OCT 2018

Trenchless Technology is the premier communications vehicle for the trenchless industry. Through our multiple platforms, readers receive insights into the trenchless industry, as well as keep connected to the latest news, products and projects.

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Page 16 of 91

Sandvik Acquires Inrock Sandvik acquires privately-owned Inrock, a leading supplier of rock drilling tools and services for horizontal directional drilling (HDD) in North America. Headquartered in Houston, Inrock is a market leader in pilot hole bits, reamers, guidance systems, accessories and services for the premium maxi rig segment within HDD. "In line with our strategy, this demonstrates how we gear up for growth organically and through acquisitions in areas where we are stable and profitable, aiming for world- leading market positions. I welcome Inrock to our Group," says Sandvik president and CEO Björn Rosengren. The combined expertise of Sandvik Mining and Rock Technology and In ro ck wi l l s u p p o rt f u rth er development of the HDD product portfolio to customers operating and servicing infrastructure applications such as oil and gas pipelines, water and sewer, telecommunications, electricity and alternative energy production and storage. This includes expanding into the midi rig segment, accelerating the global footprint of the business but also realizing synergies within production. In 2017, Inrock had revenues of $46 million and 70 employees. Parties have agreed not to disclose the purchase price. Inrock will be reported as part of the product area Rock Tools within business area Sandvik Mining and Rock Technology. Stantec Expands Its U.K. Presence Global design firm Stantec is further expanding its United Kingdom (UK) presence with the planned acquisition of Reading, England-based Peter Brett Associates LLP (PBA). An independent firm of more than 700 engineers, planners, scientists and economists delivering projects in a variety of sectors, PBA has 14 offices distributed across the United Kingdom and three across Central Europe. The transaction is expected to close in September. "Both PBA and Stantec bring teams that possess a depth of expertise, experience, and passion for community. Together, our combined strengths will be essential to meet the growing opportunities in key UK markets," said Stantec president and CEO Gord Johnston. "Regionally, the project landscape is promising with the U.K. government's policy to build 300,000 new homes per year, a five- year program to invest £4.4 billion ($7.4 billion CAD) in new and refurbished schools, a robust university upgrading initiative, and a major national investment program in U.K. infrastructure. These programs, paired with the existing role PBA is playing in projects like High Speed 2 and Crossrail 2, position us well for continued growth together." W W W.T R E N C H L E S S T EC H N O LO GY.C O M 17

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