In a significant move reshaping the industrial technology landscape, Previan has announced a strategic realignment that will see both Eddyfi Technologies and NDT Global emerge as independent entities. This isn't a merger or acquisition; it's a deliberate decision to unlock the inherent potential within each business unit and propel them towards accelerated growth and sustained innovation.

For years, Eddyfi Technologies and NDT Global have operated under the Previan umbrella, contributing significantly to the group's overall success. However, Previan's leadership recognized that these two businesses, with their distinct strengths and market focuses, could achieve even greater heights operating autonomously. This strategic evolution allows each company to tailor its strategy, investments, and operational approaches to best serve its specific customer needs and capitalize on emerging opportunities.

Why This Change? Unlocking Growth Potential

The decision wasn’t taken lightly. Previan's leadership conducted a thorough review of its business structure, concluding that separating Eddyfi Technologies and NDT Global would:

• Enhance Agility: Independent operations allow for quicker decision-making and a more responsive approach to market dynamics.
• Boost Focus: Each company can concentrate its resources and expertise on its core competencies, leading to deeper innovation.
• Attract Investment: Operating as standalone businesses makes each more attractive to potential investors, fueling further expansion.
• Strengthen Customer Relationships: Dedicated focus translates to more personalized service and tailored solutions for clients.

Eddyfi Technologies: Leading the Way in Advanced NDT

Eddyfi Technologies, renowned for its advanced non-destructive testing (NDT) equipment and solutions, will continue to push the boundaries of inspection technology. They will now be able to more aggressively pursue new markets, develop cutting-edge products, and forge strategic partnerships without the complexities of a larger corporate structure. Expect to see increased investment in R&D and a sharper focus on delivering innovative solutions for industries like aerospace, energy, and manufacturing.

NDT Global: A Global Leader in Inspection Services

NDT Global, a leading provider of inspection services worldwide, will benefit from increased operational flexibility and enhanced customer responsiveness. Their expertise in guided wave ultrasonic testing (GWUT) and other advanced inspection techniques will be further strengthened as they focus on expanding their service offerings and geographic reach. This independence allows them to better address the evolving needs of the oil & gas, infrastructure, and power generation sectors.

What Does This Mean for Customers?

Ultimately, this strategic realignment is designed to benefit customers. Both Eddyfi Technologies and NDT Global will be more focused, agile, and responsive to their needs. Customers can expect:

• Faster Response Times: Quicker access to technical support and service.
• More Innovative Solutions: A greater flow of new products and services tailored to specific challenges.
• Stronger Partnerships: A more collaborative approach to problem-solving and long-term success.

This is an exciting new chapter for both Eddyfi Technologies and NDT Global, and Previan is confident that this strategic evolution will unlock significant value for all stakeholders. Stay tuned for further updates as these two industry leaders embark on their independent journeys.