Investcorp's NDT CCS acquires Kuwait's largest NDT provider, Intrex, enhancing its market presence and operational capabilities in the GCC.

Information on the Target

NDT Corrosion Control Services Co. (NDT CCS) is a prominent provider of non-destructive testing (NDT) and inspection services, primarily serving the oil, gas, and petrochemical industries across the Gulf Cooperation Council (GCC). Originally partnered with the Al Shuwayer Group, Investcorp acquired a majority stake in NDT CCS in July 2015. Since then, the company has significantly expanded its operations, establishing itself as a leading player in the NDT sector through a combination of organic growth and strategic acquisitions.

The recent acquisition of International Inspection Center Co. (Intrex), the largest industrial NDT provider in Kuwait, will enhance NDT CCS’s offerings and market presence. With this acquisition, NDT CCS will boast the largest technician workforce in the region, comprising approximately 2,800 employees and servicing over 100 corporate clients, including major industry asset owners and contractors.

Industry Overview in Kuwait

The industrial servicing sector in Kuwait is presently experiencing robust growth, driven by increasing investments in oil and gas projects. Kuwait’s economy is heavily reliant on the energy sector, which continues to expand, necessitating substantial investment in maintena