Spectris plc Announces Acquisition of ESG Solutions

Kingston, Ontario (December 10, 2014) – ESG Solutions (ESG), an industry leader and pioneer in microseismic technology and services and has confirmed today that the ownership of ESG Solutions will transfer to Spectris plc.  Established in Kingston, Ontario by a research group out of Queen’s University in 1993, ESG has become a leading provider of commercial passive microseismic monitoring solutions to the global energy, mining and geotechnical industries. 

In the oil and gas sector, ESG’s microseismic technology fulfills a critical role in optimizing oil and gas extraction, helping operators improve production during hydraulic fracturing and other reservoir stimulation methods by providing feedback on where and how fractures are developing underground.  Furthermore, ESG has been at the forefront of developing microseismic tools and analytics to locate and interpret seismicity in mining applications for over twenty years, and continues to drive technology in this sector.  In recent years, the company has experienced dramatic growth which can be attributed to ESG’s continued focus on providing innovative, high quality and most technologically advanced solutions to its clients.

Spectris is a well-respected and long-established supplier of productivity-enhancing instrumentation and controls.  Headquartered and listed in the UK, Spectris has annual revenues of over C$2 billion and employs over 8,000 people in more than 30 countries.

“This is a strategic move for ESG,” says Ken Arnold, Chief Executive Officer at ESG.  “There are many advantages to becoming part of a global group.  The leadership team at Spectris has a strong interest in developing and investing in ESG’s technology, and its highly talented workforce.  Not only will we retain jobs in Kingston, but we will have the opportunity to accelerate ESG’s growth and expansion into key international markets.”  Currently, ESG has approximately 120 permanent, full-time employees worldwide, of which about 100 are located in Kingston.  With ESG’s recent growth, the company has created numerous jobs in Kingston for highly trained, technical professionals including engineers, software developers, geoscientists and rock mechanics specialists, many of whom have advanced degrees.

About ESG Solutions:

Founded in 1993, ESG Solutions (Engineering Seismology Group or ESG) is a pioneer and leading provider of innovative microseismic solutions for the mining, oil and gas and geotechnical industries.  ESG helps operators improve safety, optimize production, reduce costs and mitigate risk associated with underground and open-pit mining, hydraulic fracturing, thermal enhanced oil recovery, waste-water injections, natural gas storage, carbon sequestration and geotechnical applications.  ESG is headquartered in Kingston (Canada), with operations in Calgary, Houston, Muscat, Beijing and Perth and sales offices in Dallas, Dubai and Bucharest.  For more information, visit www.esgsolutions.com.

About Spectris:

Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. The Company’s products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs approximately 8,000 people, with offices in more than 30 countries.  For more information, visit www.spectris.com.

 

Contact: Ken Arnold 613-548-8287 ext. 283

SOURCE ESG Solutions

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