Insituform Technologies, Inc. Strengthens Middle East Presence and Capabilities with Two Acquisitions

Insituform Technologies INSU today announced that in addition to the recent organic growth initiatives of its Energy and Mining group in the Middle East, it has closed on the acquisition of CRTS, Inc., an Oklahoma company, and executed definitive agreements to acquire Hockway Limited and Hockway Middle East FZC, based in the United Kingdom and UAE, respectively. Joe Burgess, President and Chief Executive Officer of Insituform, stated “these acquisitions will strengthen and expand Insituform's Energy and Mining group's presence and capabilities in the Middle East, North America and Brazil. CRTS has performed significant work in Saudi Arabia over the past few years and we expect it to continue to expand its presence in Saudi Arabia and other countries in the Middle East. Additionally, we believe that CRTS's patented and other proprietary robotic pipe coating technologies distinguish the company from its competitors and allow the company to achieve compelling production efficiencies in both onshore and offshore pipe coating projects. Hockway, which has operated in the United Kingdom since 1975, established a base of operations in Dubai in 2009. From its Dubai office, Hockway provides cathodic protection products and services throughout the Middle East, including Iraq. These acquisitions complement Insituform's organic growth in the Middle East, which includes an office opened in Oman in January 2010, significant projects performed by United Pipeline Systems in the Middle East over the past several years, Corrpro Companies' long-term relationship with and work for Kuwaiti Oil Company and the recently announced joint venture in Saudi Arabia between Saudi Trading & Research Co., Ltd. and Corrpro Companies.”