NameSilo Technologies Corp. Enters Agreement to Acquire SewerVUE Technology Corp.
In a notable step towards expansion,
NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) has announced its intention to acquire
SewerVUE Technology Corp., a leading entity in advanced pipe inspection solutions located in Coquitlam, British Columbia, Canada. This significant move is outlined in a
Letter of Intent (LOI) which marks the beginning of NameSilo's strategic acquisition of 100% of SewerVUE's outstanding shares, valued at
C$2,450,000.
Advancing Inspection Technologies
SewerVUE Technology Corp. has gained recognition for its innovative approach to large-diameter pipe inspection. With a dedicated team of expert engineers and advanced technologies such as
pipe-penetrating radar and multi-sensor inspections, SewerVUE ensures its clients receive reliable and comprehensive data. This data is vital for maintaining critical infrastructure, facilitating informed decisions regarding asset management.
The company's state-of-the-art robotic inspection vehicles are capable of detecting voids, measuring wall thickness, and assessing sediment volume. Furthermore, they assist in creating digital twins of pipeline assets, aiding in project planning and risk assessment. With a proven track record of successful projects across the globe, SewerVUE serves not only municipalities but also mining corporations and engineering firms, tackling even the most challenging linear asset inspections.
Strategic Benefits
The acquisition aligns with NameSilo's strategy to broaden its technological capabilities and service offerings. By integrating SewerVUE's advanced technologies into its portfolio, NameSilo aims to enhance its operational efficiency and service delivery in the infrastructure management industry. Moreover, the addition of SewerVUE’s innovative techniques will fortify NameSilo’s position as a key player in technology investments.
Both companies have expressed their commitment to finalize a definitive share purchase agreement following the LOI, with closing contingent upon thorough due diligence and mutual agreement on terms. The prospect of acquiring SewerVUE not only reinforces NameSilo's growth strategy but also signifies its commitment to investing in companies that demonstrate substantial potential for innovation and market leadership.
A Promising Future
As part of its ongoing business strategy, NameSilo Technologies Corp. focuses on identifying and investing in undervalued companies with high growth potential across various sectors. Their approach encompasses significant opportunities in both public and private markets while deliberately excluding investments in resource and resource-service sectors. This acquisition of SewerVUE Technology Corp., with its cutting-edge inspection technologies, exemplifies NameSilo’s proactive strategy to bolster its market presence and technological prowess.
For more information on NameSilo Technologies Corp. and updates regarding the acquisition, please visit their official website at
www.namesilo.com.
Disclaimer
Certain statements included in this press release are forward-looking and reflect management's expectations regarding potential future investments. These statements are subject to risks and uncertainties that may cause actual results to differ significantly from those projected. NameSilo does not guarantee any outcomes from these forward-looking statements.
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