Intero Integrity Services to Valuate Assets for Pipetel Technologies Acquisition
Match Plan supported Intero Integrity Services in the valuation of intangible assets in connection with the acquisition of Pipetel Technologies. The valuation was necessary for the accounting treatment of the acquisition, in accordance with International Financial Reporting Standard 3 (IFRS 3) "Business Combinations.".
Specialist in inspection and industrial services
Intero Integrity Services offers a wide range of services worldwide for the oil, gas, and petrochemical industries. The company focuses on service lines such as pipelines, inspection, storage tanks, industrial, and environmental. Intero Integrity is known for its innovative approach, using advanced technologies and critical insights to help companies optimize their facilities.
With over 30 years of experience, Intero Integrity has proven itself a reliable partner for companies seeking to optimize their installations and improve operational efficiency. The company offers solutions that extend the life of installations and minimize risk, from design to end-of-life, and has offices worldwide.
Synergy through technological integration
The acquisition of Pipetel Technologies offers Intero Integrity Services significant synergy benefits. Pipetel Technologies is a leading company focused on advanced technologies for infrastructure inspection and monitoring, particularly for the oil, gas, and petrochemical industries. Their expertise in sensor technology and data monitoring perfectly complements Intero Integrity's inspection and risk management solutions. By integrating Pipetel's technology, Intero Integrity can now offer its customers a more comprehensive package, encompassing both physical inspection and digital monitoring, leading to improved efficiency and safety of industrial facilities.
The partnership enables both companies to implement joint projects that help customers improve their operational efficiency and minimize risks, which is crucial for the industries in which they operate.
Role of Match Plan in valuation
Match Plan assisted Intero Integrity Services with the valuation of its intangible assets, leveraging the expertise of Richard Peeters, Director of Valuation, to achieve a thorough and objective valuation. This valuation was essential for integrating the acquisition into Intero Integrity Services' financial records.
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