P2D acquisition extends Stats’ global reach – Daily Business

Stephen Rawlinson: unique service

Stats Group has announced the acquisition of pipeline intelligence and cleaning specialist Pipelines 2 Data (P2D) in a deal that extends its global reach.

Backed by Stats’ parent company Mitsui & Co, the deal between the two Aberdeen-based firms forms part of a long-term plan to build a comprehensive pipeline services platform combining inspection, diagnostics, maintenance and repair capabilities.

The companies already share a decade-long working relationship, having collaborated on projects in the Middle East and the UK, which have demonstrated the strong technical alignment between both entities and the operational benefits to clients.

Stephen Rawlinson, chief executive of 500-employee Stats, said: “By combining P2D’s inspection and cleaning expertise with STATS’ pipeline isolation and maintenance technologies, we will create a unique service.

“We are excited about the opportunity to add P2D’s talent and technology offering to our clients to help solve their complex pipeline integrity challenges. There are clear synergies between both organisations, and a strong cultural fit.

P2D’s owner and chief executive, Steve Mayo, and director of operations, Euan Gibbons, will remain with the company, which employs around 30 staff who will be retained.

P2D will continue to operate from its Altens base in Aberdeen and operational hubs in Canada and the US.

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