Insituform

Insituform Technologies, Inc. is a worldwide provider of trenchless technologies for gravity and pressure pipelines. Insituform is a subsidiary of Aegion Corporation. (NASD: AEGN).

Insituform's inception was prompted by the invention of cured-in-place pipe (CIPP) by Eric Wood of the United Kingdom in the early 1970s. Its name comes from the Latin phrase "in situ form," which means to "form in place." The name was genericized to describe the CIPP process for several years following the expiration of the Insituform patent.

In 2007, Insituform announced that it would exit the tunneling business and seek a buyer for Affolder, Inc.[1] Insituform announced a new President and CEO on April 7, 2008. John J. Burgess, former CEO of Veolia Water North America, joined Insituform on April 14 of 2008.

Insituform acquired two new companies in first quarter of 2009. The Bayou Companies acquisition closed on February 23, 2009. [2] Acquisition of Corrpro Companies, Inc. closed on March 31, 2009. [3]

In 2011, Aegion Corporation was created to serve as the parent company for Insituform, Bayou and Corrpro, along with other acquisitions. Today, Aegion is the parent company of Aegion Coating Services, Bayou, Brinderson, Corrpro, Fibrwrap, Fyfe, Insituform, Underground Solutions and United Pipeline Systems.

References

  1. ↑ David Schuyler (April 8, 2007). "Deep tunnel contractor to be shut down". Milwaukee Business Journal.
  2. ↑
  3. ↑

External links

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