Pure Technologies Ltd., TSX-V: PUR, announcedAug. 12 that it entered into an agreement in principle to purchase the operatingsubsidiaries of Jason Consultants Group Ltd. (“Jason”), according to a press release.
Jason is a specialist consultancy focused on underground infrastructure engineering and technology.
The transaction is expected to close within the next month, subject to theexecution of a sale and purchase agreement. Founded in 1979, Jason providesits clients with world-class expertise in the inspection, assessment andrehabilitation of water and wastewater pipelines; trenchless technology; andrelated underground infrastructure fields. Jason has been recognized everyyear since 2002 as one of the Top 50 Design Firms in this sector by TrenchlessTechnology Magazine. More information on Jason’s services and capabilities canbe found at www.jasonconsult.com.
Jason has offices in London, Geneva, and Washington D.C. The Principalsof Jason, Dr. Dec Downey, Mr. Robert Morrison and Mr. Thomas Sangster, arerecognized experts in the field of buried infrastructure assessment andrehabilitation. Dr. Downey is currently Chairman of the International Societyfor Trenchless Technology. All of the Principals are committed to contributingto the future growth of the business with financial, marketing and managementsupport from Pure. The business will continue to operate as Jason ConsultantsGroup, and together with Price Brothers (U.K.) Ltd. and Openaka Inc., willform part of Pure’s specialist engineering services group.
Commenting on this development, Jack Elliott, Pure’s President, said:”The acquisition of Jason Consultants Group is consistent with ourpreviously-announced strategy of growing our specialist engineering servicesbusiness to complement our technology and technical services activities. Theacquisition of Openaka in 2006 helped us to grow our business significantly inthe prestressed pipe sector. However prestressed pipe accounts for only asmall percentage of the total water and wastewater pipeline infrastructure inNorth America, and we expect that Jason will help us to access the broadermarket for inspection and assessment of pipelines constructed from ferrous andother materials.
Jason is particularly strong in the wastewater sector, an area where Purehas had limited exposure but where we see tremendous opportunities.Furthermore, we believe that Jason’s international reputation and activitieswill help to generate opportunities for our inspection and monitoringtechnologies in overseas markets.”
Tom Sangster, Principal of Jason Consultants, said: “Jason Consultantshas worked successfully alongside Pure in several inspection and assessmentprojects and this acquisition will enable us to strengthen our co-operationand to pursue growth more aggressively. Our strengths complement those of Pureand Openaka and we look forward to seizing the opportunities that we cangenerate together.”
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international technology and servicescompany which has developed patented technologies for inspection, monitoringand management of critical infrastructure around the world. Pure operates fromits headquarters in Calgary, Canada and through subsidiaries in Maryland, NewJersey, and the UK. Pure’s proprietary product portfolio includesSoundPrint(R), a continuous acoustic structural monitoring system forbuildings, bridges and structures; SoundPrint(R) AFO, a fiber-opticdistributed acoustic sensing system for monitoring and surveillance ofpipelines; and SmartBall(R), a revolutionary new leak detection technology forwater, wastewater and hydrocarbon pipelines.