February Industry News

Radiodetection Sponsors Locate Rodeo; Vacon to Deliver Drives for Winches in Norway; High Pressure Equipment Launches Website; Vermeer Makes McLaughlin Investment; TRIC Tools Moves to New Headquarters; Insituform Completes Internal Reorganization

Radiodetection Sponsors Locate Rodeo

Radiodetection is a Diamond Sponsor of the 10th Annual International Locate Rodeo. The event recognizes the competitive skills of locate technicians in the United States and Canada. Each competitor must perform three locates in a division of their choice (gas, water, power, telcom). A bonus three-minute event tests the skills of competitors on a complex locate involving at least three different lines.

 

Vacon to Deliver Drives for Winches in Norway

AC drive manufacturer Vacon will deliver liquid-cooled AC drives for active heave-compensated winches onboard a Norwegian-built inspection, maintenance and repair ship. Delivery of the 17 drives is scheduled for March.

 

High Pressure Equipment Launches Website

High Pressure Equipment Co., manufacturer of high-pressure valves, fittings and tubing, launched a customer-focused website, www.highpressure.com, enabling visitors to search and browse company products.

 

Vermeer Makes McLaughlin Investment

Vermeer Corp., along with Jeff Wage, a veteran professional in the underground construction industry, has made a minority equity investment in the McLaughlin Group Inc. Dave Gasmovic, president of McLaughlin and primary shareholder, will continue to lead operations. Wage joins McLaughlin as vice president and an equity partner. The new ownership will not affect current branding or distribution of McLaughlin products.

 

TRIC Tools Moves to New Headquarters

TRIC Tools Inc. has moved from Alameda, Calif., to its new headquarters near the Oakland International Airport. The building enables the company to consolidate operations, including a new research and development facility.

 

Insituform Completes Internal Reorganization

Insituform Technologies Inc. completed an internal reorganization where Delaware parent holding company, Aegion Corp., was created to provide corporate and administrative services for its operating subsidiaries (Insituform Technologies, The Bayou Companies, Corrpro Companies, United Pipeline Systems, CRTS, Fibrwrap Construction Services and Fyfe). In the new structure, Aegion replaces Insituform as the public company. Insituform and its former direct subsidiaries are now direct subsidiaries of Aegion.



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