The McLean Group advised ENSCO on its recent acquisition of KLD Labs, a provider of automated wayside inspection technology
McLean, Va. – April 26, 2023 – ENSCO, Inc., (ENSCO) a global pioneer in railway inspection technology, has entered into an Equity Purchase Agreement to acquire KLD Labs, Inc. (KLD), a world-leading provider of automated wayside inspection technology and laser profiling solutions. KLD will continue to offer and support its world-class solutions and services to customers as an ENSCO subsidiary.
By combining the industry’s leading inspection technologies, engineering, and service teams, ENSCO and KLD will deliver unrivaled railway inspection technology of track and rollingstock. KLD customers will benefit from ENSCO’s financial strength, technology investments, and global reach including a seasoned field service team operating throughout the world, such as ENSCO Rail Australia Pty Ltd and ENSCO Tecnologias do Brasil LTDA.
KLD Labs is renowned for its extensive history of providing reliable and innovative measurement technology and is pleased to join forces with ENSCO, ensuring the preservation of its legacy
– Dan Magnus, KLD Labs
Magnus further emphasized the substantial advantages this partnership will bring to clients, including enhanced long-term stability, industry-leading certifications in quality and cybersecurity, comprehensive global technical support, and unparalleled expertise in rolling stock and track condition monitoring. The collaboration between KLD and ENSCO is poised to deliver exceptional value and services to their customers in the industry.
ENSCO President, Jeff Stevens, expressed his enthusiasm for the acquisition, stating, “We are delighted to welcome KLD Labs into the ENSCO family. Together, we will provide the railway industry with the most advanced automated track and wayside inspection technology available.” Stevens added, “The integration of KLD Labs and ENSCO uniquely positions us to inspect both rolling stock and track. Coupled with our vehicle/track interaction capabilities, the ENSCO and KLD Labs team will offer the first comprehensive condition assessment technology suite for railways, paving the way for unprecedented levels of safety and efficiency.”
The McLean Group provided financial advisory to ENSCO and Pillsbury Withrop Shaw Pittman LLP provided legal support on this engagement.
About ENSCO, Inc.
With a rich history spanning over five decades, ENSCO has been a trailblazer in the global rail industry, consistently delivering innovative technologies that enhance safety, security, and operational excellence. As a premier provider of automated and autonomous inspection systems, web-based data management platforms, vehicle dynamics analysis and simulations, and large-scale systems integration for federal and commercial projects, ENSCO is committed to the highest standards of quality and performance. Our expert engineers have spearheaded the adoption of advanced inspection measurement technologies, high-resolution imaging solutions, and state-of-the-art automation software to ensure track safety while simultaneously boosting railroad efficiency and productivity. Discover more about ENSCO at https://www.ensco.com.
About KLD Labs, Inc.
Established over three decades ago, KLD Labs, Inc. is a forward-thinking technology company that excels in the design and integration of cutting-edge artificial intelligence (AI) and machine learning (ML) solutions, laser technology, and machine vision systems for automated railway inspection applications. With a global presence in 35 countries, KLD Labs’ products are instrumental in inspecting rolling stock and track infrastructure, ensuring safety against derailment risks, and facilitating efficient railway maintenance operations. To explore the groundbreaking solutions offered by KLD Labs, please visit https://www.kldlabs.com.
About The McLean Group
The McLean Group, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firm’s services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
Ensco has acquired rail infrastructure inspection system provider KLD Labs through an equity purchase transaction. The two companies will combine their technology platforms and engineering services to help customers inspect train tracks and vehicles, Ensco said Tuesday. Hauppauge, New York-based KLD offers digital tools to support automated management, repair and maintenance of railway assets. […]
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