Blackstone Energy Transition Partners agreed on 30 July to acquire DarkVision Technologies, a Canadian developer of ultrasound imaging for industrial inspection, from Koch Engineered Solutions.
Why Blackstone Energy Transition Partners is buying DarkVision Technologies Inc.
Blackstone said rising demand on ageing and new energy infrastructure increases the need for platforms that improve production efficiency and prevent downtime.
“We’re thrilled to be partnering with Blackstone as we continue to advance our vision of becoming the global leader in non-destructive testing.”
Deal terms and financing
Terms were not disclosed.
Regulatory approvals and timing
The transaction is subject to customary closing conditions.
Market context
DarkVision's technology turns petabytes of ultrasound data into photorealistic 3D images to identify and quantify defects in critical assets.
