TPi May/July 2020

Business & market news

Vision Engineering celebrates 20,000 sales of its Mantis microscope in five years

According to Vision Engineering, The Mantis, which was introduced in 1994, and features high-performance capabilities, which focus on operator comfort was the ‘world’s first ‘eyepiece- less’ stereo microscope and is still Vision Engineering’s most successful and popular product-range. “The popularity of one of our leading products is a testament to the power and clarity of our eyepiece-less microscope. “This confirms that workers manufacture better quality materials, components and equipment while simultaneously speeding up processes and improving

The Mantis range of ergonomic eye- piece-less stereo microscopes, offers magnification options up to 20x, making it a perfect alternative to more traditional inspection stereo micro- scopes.

Vision Engineering, a manufacturer of high-quality visual inspection and measurement technologies, has announced that it has sold over 20,000 Mantis microscope products in the last five years.

Mark Curtis, managing director, Vision Engineering commented: “We are thrilled to see the continued success of Mantis. Even after so many years, it’s clear that many workers in the manufacturing industry require the combination of precision and comfort which is simply not attainable with any other microscope range on the market.”

workplace efficiency.” Vision Engineering www.visioneng.com

TMK closes the sale of 100 per cent of IPSCO Tubulars Inc shares to Tenaris PAO TMK has announced that it has closed the sale of 100 per cent of the shares of IPSCO Tubulars Inc to Tenaris. Under the Stock Purchase Agreement with Tenaris, which was signed on 22 March 2019, the transaction price amounted to $1,209mn, an aggregate, cash free, debt free basis and included $270mn of working capital. Dmitry Pumpyanskiy, chairman of TMK, said: “We are pleased with the successful closing of the transaction, which was executed in line with TMK’s current strategy and will bring the value for TMK’s shareholders.” The parties entered into a six-year master distribution agreement whereby, beginning on 2 January, 2020, Tenaris will be the exclusive distributor of TMK’s OCTG and line pipe products in the US and Canada. PAO TMK www.tmk-group.com Tenaris www.tenaris.com

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May/July 2020 TUBE PRODUCTS INTERNATIONAL