Founded in 2010, Ekoscan Integrity, a leading European end-to-end technology provider of ultrasonic (UT) non-destructive testing (NDT) advanced solutions, has announced that it has successfully raised €23 million by partnering with leading private equity firm Abenex, alongside a new strategic sponsor EDF Group through its corporate venture capital arm, EDF Pulse Ventures(1) , as well as its historical strategic investor ALIAD, Air Liquide Venture Capital fund. This partnership also allows Ekoscan and its strategic investors to develop longstanding and fruitful business relationships.
Ekoscan Integrity provides its global industrial customers in multiple geographies with intelligent solutions encompassing hardware, software as well as on-site services in Europe and in the Americas. Beyond fulfilling regulatory and quality requirements, Ekoscan Integrity solutions allow customers to transition from a curative maintenance activity to predictive maintenance plans through automated systems, connected probes and artificial intelligence. A large spectrum of industries contemplates Ekoscan Integrity solutions as demand on safety becomes more stringent and assets’ life extension provides economic advantages to companies.
This investment will help further expand Ekoscan Integrity’s international footprint, increase its delivery capacity and support the roll-out of its next-generation ultrasonic inspection solutions. Beyond the current round and organic expansion plans, Abenex, ALIAD & EDF Pulse Ventures are excited to support Ekoscan Integrity in its ambition to further participate in the industry consolidation.
“Ekoscan has experienced tremendous growth. Asset integrity is at the top of most industrials’ priority list, from Chemicals, Power & Energy, Hydrogen, Mobility to Aerospace & Defense. We have built a fast growing and profitable company in a competitive market, largely due to our constant innovation and anticipating the unexpected. This funding round will help us realize our ambitious plans to significantly increase the adoption and scale-up the next gen NDT inspection.”, said Hugo Cence, CEO at Ekoscan Integrity.
“We’re excited to partner with Ekoscan Integrity as we believe that their clients will increasingly require end-to-end technologies that can easily and effectively monitor the integrity and extend the operational life of their assets”, comments Thomas Peretti, Director at Abenex.
[1] EDF Pulse Ventures identifies new activities and innovative solutions, and the related investments are carried by the EDF Pulse Holding
