Qteq to merge with Wireline Services Group in fifth acquisition this year

Image: Qteq

Qteq will join forces with Perth-based Wireline Services Group (WSG) on the back of a string of acquisitions this year, including Surtech and Wellserv last May.

WSG is a leading geotechnical company that provides subsurface geophysical and geotechnical measurement systems across Australian, Asian and North American mining and energy industries.

Its in-house data services team will work alongside Qteq’s client-focused team to increase the market uptake of Qteq’s technology portfolio.

WSG founder and managing director Matthew Wayne, who will be managing director of Qteq’s measurement systems division, said, “The integration of the two companies will provide new opportunities across the georesources sector on a scale that has not been seen before.

“My first order of business will be driving the division’s regional and global growth, as Qteq continues to expand into South America, Africa and Canada.”

Having more than 30 logging units globally, WSG will get access to and partner with almost 80 field logging engineers of Qteq across Australia and Canada.

The collaboration will see the merged entities develop borehole measurement sensors and systems.

“Qteq’s research and development team in Perth is building a tech-based bridge from the oil and gas sector to the coal seam gas, mining and ground water industries, with elemental spectroscopy and MWD Systems for RC drilling,” Wayne said.

Qteq founder and chief executive Simon Ashton added, “As we continue to provide local high-skill jobs and pioneering technology, we are acquiring companies that are driven to secure Australia’s clean, sustainable mining future.

“We are excited to join forces with a company that shares our vision for a sustainable, environmentally responsible georesources sector.”

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