Princeton Junction-based Mistras Group, a provider of technology-enabled asset protection solutions, announced Wednesday it has acquired New Century Software.
New Century, founded in 1994 and headquartered in Fort Collins, Colorado, is a provider of pipeline integrity management software and services to energy transportation companies.
Mistras said the deal will complement its facility data management capabilities offer by its Plant Condition Management Software.
“We’re excited to add the New Century team and their unique and advanced solutions to our pipeline integrity portfolio, which we’ve identified as one of the pillars of our growth strategy,” Dennis Bertolotti, CEO and president, Mistras Group, said. “With this acquisition, we’re streamlining our customers’ paths towards safe operations and regulatory compliance, by providing integrated services, inspection equipment, and software from beginning to end of the midstream value chain.”
Financial terms of the deal were not disclosed.
