Market Overview

MISTRAS Group Acquires Carmagen Engineering

MISTRAS Group (NYSE: MG) announced today that it has acquired Carmagen Engineering, Inc. a professional engineering consulting and technical training services provider serving the hydrocarbon processing and other energy-related industries.

Since 1986, Carmagen has been providing a wide range of services focused on the oil & gas industry that includes plant operations support; profit improvement analysis; turnaround planning & execution programs; and technical training ranging from process safety to reliability and maintenance, to asset design and integrity instruction.

"We are very pleased with the addition of Carmagen and its very experienced professional engineering team. Carmagen will deliver high value engineering services from an owner/operator perspective, supporting our one source for asset protection solutions strategy by providing customers with competitive advantages," said Sotirios Vahaviolos, Chairman and CEO of MISTRAS.

One area that Carmagen engineering services directly is an ongoing need from customers to reduce downtime by shortening the duration of turnarounds and extend run length between shutdowns and turnarounds without compromising safety and reliability.

"This is an ideal complement to MISTRAS' comprehensive and advanced asset protection portfolio of solutions by identifying the right inspection technologies and methods, information management, and monitoring system requirements early in

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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