www.tdwilliamson.com October 2005 In This Issue: Archives Check out the past issues of our newsletters. Click Here FeedBack Have a suggestion, comment, or idea? Let us know about it. Click Here Contact Us! Subscribe Print Version Click the printer above to print out the text version of this newsletter. TDW Job-Site Solutions Visit TDW's Web site to learn more about how professionals in your industry have teamed up with TDW to solve their pipeline maintenance problems! Visit TDW Job-Site Articles Hot Tapping Pipeline Pigging PSI - Offshore US Toll Free 1-888-839-6766 International 1-918-447-5100 Your Source for Piping Solutions. TDW Welcomes Plugging Specialists International ASA PSI Plugging Specialists International ASA headquarters in Stavanger, Norway In a press release issued from Oslo, Norway dated October 3, 2005, D. Bruce Binkley, President and Chief Operating Officer of T.D.Williamson, Inc. announced the acquisition of Plugging Specialists International ASA ("PSI"), the world's leading, remote controlled, tetherless, pipeline isolation services company headquartered in Stavanger, Norway, had been completed. The proclamation marked the end of a thorough and deliberate process that began in the spring of 2005 at which time TDW began its pursuit of PSI. At the same time, the ownership and management of PSI initiated their examination of the business culture and technical capabilities of TDW. TDW arrived at the table with more to offer than a basic financial arrangement. That "something extra" proved to be the deciding factor. The quest for PSI focused on achieving the strongest possible synergistic arrangement in a way that would accelerate both companies to higher levels of success by blending well established areas of excellence. Such a pact would include demonstrated levels of comfort, familiarity and appreciation for the technologies and processes involved with establishing a seamless integration of company resources. The right relationship would also include a shared commitment to maintain the highest levels of product quality and customer satisfaction. The fact that TDW and PSI were already on the same page in terms of pipeline maintenance technology and offshore service goals meant that establishing a working relationship would be much easier. Over the span of several months and numerous visitations, it became evident that PSI and TDW were an excellent strategic match. In his statement, Binkley says, "This acquisition, the largest in our company's history, represents a significant commitment for TDW, enhancing our current offshore market presence with proven technology and application capabilities, in a leading brand (PSI) market position. Combining TDW's product and service offerings with PSI's technology, engineering and project management capabilities is expected to accelerate TDW's growth as we continue to move strategically into the offshore services market and larger, more turnkey pipeline solutions." PSI will become a key operation within TDW's Offshore Services Division. In coming months, TDW's Offshore Services operations headquartered in Houston will be consolidated with PSI's operations. The plan is to leverage TDW's global sales and service infrastructure and extract the most out of the combined strength synergies of PSI and TDW offshore product and service offerings. PSI will maintain their recognized brand and operate globally as a TDW company. During a recent discussion, TDW's Jon Major, Vice President, Western Hemisphere Region, reflected on the recently completed fact-finding and negotiation process with PSI. Major notes, "The Norwegians are a friendly and sincerely generous people. We have enjoyed the opportunity to interact and develop a working relationship with them." D. Bruce Binkley addresses PSI staff in Stavanger, Norway Dick Williamson, Chairman of the Board of TDW summarized recent events by commenting that, "This strategically important acquisition follows our 2002 decision to move more aggressively into the offshore market space as a technology-driven, customized pipeline solutions provider. This unequaled step forward continues to elevate the TDW brand and enhance its reputation to be as well known and respected offshore as it is onshore. We couldn't be more pleased in welcoming PSI to the TDW family of companies serving our customers worldwide." More information about PSI PSI - www.plugging.com LineMaster™ 2005 Schedule T.D. Williamson, Inc. continues to provide the most comprehensive hot tapping, plugging and pigging instruction available in compliance with Department of Transportation covered tasks, standards and requirements. Rigorous hands-on training and operator qualification LineMaster™ programs are TDW's commitment to the industry. LineMaster Training assists you with ensuring that your technicians are trained at the highest level available. In our state-of-the-art facilities and with our pressurized simulated pipeline, TDW's LineMaster Training program is an in-depth series of classes designed to fulfill DOT Pipeline Safety Operator Qualification rules. To meet DOT requirements, training programs must include classroom time, written exams and hands-on simulated conditions. TDW's LineMaster Training meets these requirements. TDW LineMaster Training is the best in the business. The company you've trusted with your piping maintenance needs for more than 80 years has the experience to train your technicians and operators effectively and efficiently. 2005 LineMaster Training Dates Locations Transmission Class Nov. 7-10 Tulsa, OK - USA Gas Distribution Class Nov. 14-17 Tulsa, OK - USA New European Program call: 32-67-28-36-44 Nivelles, Belgium Class Information and Registration Form For more information, contact TDW at 918-447-5100 or toll-free at 888-839-6766. Or call your local TDW representative. New European LineMaster Training Program in Nivelles, Belgium contact Anne.Roberfroid@TDW.be or Call 32-67-28-36-44 Upcoming Trade Shows Don't forget to visit TDW's booth at upcoming trade shows. We are attending several in the next few months, including: Please check the entire 2005 show listing on the website. 2005 Trade Shows Dates Locations WEFTEC Oct/Nov 29-2 Washington DC APIA - Australia Pipeliners Oct/Nov 29-1 Adelaide, South Australia DOT-Deep Offshore Technology Nov. 8-10 Vitoria, Brazil Power Gen Dec 6-8 Las Vegas, Nevada You can submit other e-mail addresses by simply completing the fields below. Enter the email address you wish to add and select which version you wish to receive. email name Please choose the mailing list(s) you wish to join HTML Only Text Only To unsubscribe, forward this email and note "unsubscribe me". ® Registered trademarks of T.D.Williamson, Inc., in the United States and in foreign countries. TM Trademarks of T.D.Williamson, Inc., in the United States and in foreign countries.