Aegion Corp. (Nasdaq Global Select Market: AEGN) announced it realigned its Insituform business units in the United Kingdom to balance its organizational, capability, resources and cost structure to match the needs of the local market.
The announcement to close Insituform Technologies Ltd. and the English division of Environmental Techniques Ltd. operation based in Wakefield, England was made on Aegion’s quarterly earnings call on Feb. 28. Existing contracts and business obligations will be fulfilled prior to the closure.
Insituform Linings Ltd., through its MTC product sales division, will now begin to penetrate the England and Wales market with both felt and glass liners. Historically, this market has not been a primary focus due to the presence of the English contracting division.
“Insituform Linings is strategically placed to target contractors servicing the pipeline rehabilitation market in England and Wales, as well as the rest of the United Kingdom, through the supply of high-quality products and services to support the advancement of trenchless technology,” said Mark Bates, managing director of Insituform Linings Ltd.
Based in Wellingborough, England, Insituform Linings Ltd. manufactures both dry and resin impregnated cured-in-place pipe (CIPP) felt and pressure liners up to 2,500mm diameter and UV glass liners up to 1,200mm diameter.
Environmental Techniques Ltd., based in Lisburn, Northern Ireland, will continue contracting operations in Ireland, Northern Ireland and Scotland. “We have an excellent customer base and will continue to expand our service offerings in these markets. We will continue to focus on delivering safe, high-quality projects at the best market value,” said Environmental Techniques Ltd. director Shauna Herron.
Vice president of international Ooerations, Joe Lane, added, “Insituform is a large player in the global pipeline rehabilitation industry and we intend to leverage our innovation, strengths and global resources to improve our ability to grow our business in Europe profitably and meet the needs of each individual market.”
Insituform Linings Ltd. and Environmental Techniques Ltd. are part of Aegion’s group of trenchless rehabilitation companies. Aegion is a global leader in the development and installation of proprietary technologies, materials and services for rehabilitating sewer, water and other underground piping systems without digging or disruption.
SOURCE – Aegion