CRTS Global LLC has acquired RAE Energy's coatings business, expanding its capabilities and leadership in the global pipeline coatings market.

Information on the Target

CRTS Global LLC (CRTS) has officially acquired RAE Energy's coatings business, known as RAE Coatings. This strategic investment significantly enhances CRTS' position in the global pipeline coatings market, making it the only company capable of providing comprehensive internal and external pipeline field joint coating solutions specifically tailored for the offshore sector.

RAE Coatings is recognized as a technological frontrunner in the application of protective external coatings for offshore pipelines. It offers proprietary solutions to diverse markets worldwide, including Brazil, Guyana, the Gulf of Mexico, West Africa, the North Sea, Southeast Asia, and the Middle East. CRTS’ acquisition of RAE Coatings expands its capabilities to deliver a more extensive range of services to pipeline and spool base customers globally.

Industry Overview in the Target’s Specific Country

The pipeline coatings industry is essential for maintaining the integrity and longevity of energy transportation systems, particularly in offshore environments where conditions can be harsh. The Middle East has emerged as a pivotal player in this industry,