Latest news with #industrialservices
Trade Arabia
7 hours ago
- Business
- Trade Arabia
TAQA appoints new Executive VP of Products & Technologies and CTO
Industrialization and Energy Services Company (TAQA), a global leader in energy and industrial services, has welcomed Jeff Lembcke to TAQA as Executive Vice President of Products & Technologies and Chief Technology Officer. Lembcke brings to TAQA more than four decades of global experience in engineering leadership within the energy services sector. In his new role, he will oversee TAQA's technology strategy, product innovation, and engineering excellence across our diversified portfolio of solutions. Prior to joining TAQA, Lembcke held senior executive roles at Weatherford International, including Chief Engineer, Director of Engineering Quality, and Vice President of Research, Development, and Engineering. He successfully led complex transformation programs, including integrating over 40 acquisitions, while accelerating innovation cycles and maintaining high operational performance. Lembcke is widely respected for his technical depth and strategic vision. He holds more than 50 US patents in areas such as artificial lift, completions, fiber optics, and production optimization, and has contributed to the development of global industry standards through his long-standing involvement with API and ISO technical committees. He earned a BS in Mechanical Engineering from the University of Oklahoma and an MBA from the University of Tulsa. Lembcke is also known for his strong leadership, mentorship, and passion for building high-performing teams and fostering a culture of innovation, TAQA said. - TradeArabia News Service
Yahoo
4 days ago
- Business
- Yahoo
Acuren Corporation (TIC): A Bull Case Theory
We came across a bullish thesis on Acuren Corporation (TIC) on Kairos Research's Substack. In this article, we will summarize the bulls' thesis on TIC. Acuren Corporation (TIC)'s share was trading at $11 as of 28th May. TIC's trailing and forward P/E were 39.88 and 22.73 respectively according to Yahoo Finance. A worker in a factory wearing a safety uniform standing in front of a conveyor belt of products. Acuren Corporation and NV5 Global, Inc. have entered into a definitive agreement to merge in a transaction valued at approximately $1.7 billion. The deal combines Acuren's leading industrial testing and inspection capabilities with NV5's infrastructure and geospatial engineering expertise, creating a diversified technical services platform with projected annual revenues of $2 billion. Under the terms of the agreement, NV5 shareholders will receive $23.00 per share, consisting of $10.00 in cash and $13.00 in Acuren stock, which represents a 32% premium over NV5's recent share price. The merged company is expected to deliver approximately $350 million in adjusted EBITDA after synergies, with $20 million in near-term cost savings already identified. The transaction structure will result in Acuren shareholders owning approximately 60% of the combined company and NV5 shareholders owning 40%. The strategic rationale behind the merger includes complementary services, increased cross-selling opportunities, and expansion across infrastructure and industrial end markets. The combined scale and capabilities aim to better serve clients and compete more effectively in a fragmented industry. As part of the transaction, Acuren will appoint key NV5 executives, including CEO Dickerson Wright and COO Alexander Hockman, to its board of directors, with Wright also serving as Chairman. The merger has been unanimously approved by NV5's Board of Directors and is expected to close in the second half of 2025, pending customary closing conditions and regulatory approvals. The transaction signals a significant consolidation in the technical services sector, positioning the combined entity for long-term growth and enhanced shareholder value. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading their summary of their bullish thesis on NVR, Inc. (NVR). Acuren Corporation (TIC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held TIC at the end of the first quarter which was 0 in the previous quarter. While we acknowledge the risk and potential of TIC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TIC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
4 days ago
- Business
- Forbes
The Connected Aftermarket: How Industrial Companies Can Make Services Smarter
In recent years, economic uncertainties have driven industrial companies to seek out new streams of revenue—ones that aren't subject to the vagaries of supply chains, extreme weather, and geopolitical matters. For many, that new stream has been aftermarket services. Providing services outside of the pressures involved in equipment production and sales is what makes aftermarket sales so attractive—and profitable. The average operating margin from aftermarket services globally is two to three times higher than the operating margin from new equipment sales. And with digital technologies and smart operations driving new opportunities—and demands—for customer service, now is a good time for industrial companies to explore or expand aftermarket services. Aftermarket sales can satisfy the expectation of customer-centricity. With the proliferation of smart technologies, customer experience and seamless interactions are table stakes for any business-to-consumer (B2C) enterprise—and that approach is increasingly extending itself to the business-to-business (B2B) market. And with good reason: 88% of customers say the experience a company provides is as important as the product itself. Even more compelling, customer-focused organizations report a 49% increase in sales or revenue, a 45% increase in profitability, and a 70% increase in customer loyalty and satisfaction. One of the ways to build out customer-centricity—and therefore, aftermarket services—is connectivity. That is, assets that are connected through digital technologies such as the Internet of Things (IoT) sensors, machine learning (ML), artificial intelligence (AI), and Generative AI (GenAI)—most of which manufacturers have already incorporated into their operations. But these technologies can take aftermarket services to new levels. According to a Deloitte Consulting LLP survey, 70% of companies that have implemented digital solutions improved their customer experience. Drawing on these technologies can enable industrial companies to develop a connected aftermarket—which can extend the value chain beyond the factory to the full lifecycle of the product. It can connect vast networks of assets, people, and materials to create an integrated system that is in a better position to offer good customer experience. Working like a B2C in a B2B environment is likely a new world for many industrial companies. They often don't have the data—due to legacy systems and siloed operations—to understand their customers and can lose track of a product once its sold. Industrial companies' linear mindset based on traditional production lines can make it hard to stand up aftermarket services—which don't necessarily fit into a predictable sequence. This also means there can be an overall lack of experience in building out customer-centric solutions. To deliver aftermarket services that offer the customer-centricity of a B2C and take advantage of today's connected and advanced technologies, industrial companies should consider the following actions: Digital technologies such as IoT, sensors, machine learning, and GenAI have fueled the proliferation of smart operations in manufacturing and continue to drive gains in productivity and efficiency. These technologies and the aftermarket service they enable can help industrial companies form a buffer — while offering an improved customer experience which could lead to loyalty.
Washington Post
12-05-2025
- Business
- Washington Post
Team: Q1 Earnings Snapshot
SUGAR LAND, Texas — SUGAR LAND, Texas — Team Inc. (TISI) on Monday reported a loss of $29.7 million in its first quarter. The Sugar Land, Texas-based company said it had a loss of $6.61 per share. Losses, adjusted for non-recurring costs, were $3.31 per share. The industrial services provider posted revenue of $198.7 million in the period.
