Industrial Inspection & Analysis acquires Kova Engineering Ltd., enhancing its market position as the largest third-party lift inspection company in North America.
Information on the Target
Industrial Inspection & Analysis® (IIA) has announced its acquisition of Kova Engineering Ltd., a prominent provider of engineering, inspection, and certification services based in Canada. Established in 1989, Kova operates 15 offices across Canada, specializing in services related to cranes and lifting equipment. Kova's team of accredited inspectors, overseen by licensed professional engineers, offers expertise across various industries, including construction, manufacturing, aerospace, maritime, and petroleum.
The company provides essential services such as weld inspection, non-destructive testing, equipment certification, and structural maintenance programs, alongside mechanical, civil, and metallurgical engineering. This acquisition positions IIA as the largest third-party lift inspection company in North America, strengthening its expertise and service capabilities.
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Industry Overview
The inspection and certification industry in Canada has been experiencing significant growth, driven by increasing safety regulations and a focus on workplace safety across various sectors. As industries like construction, manufacturing
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Industrial Inspection & Analysis
invested in
Kova Engineering Ltd.
in 2024
in a Growth Equity & Expansion Capital deal