Qteq and Wireline Services Groups announce merger

A significant change is taking place in Australia’s georesources sector as two large providers, Qteq and Perth-based Wireline Services Group (WSG) announce a merger. The transaction will partner Qteq’s integrated technical services team with almost 80 field logging engineers across Australia and Canada.
Qteq and Wireline Services Groups announce merger Qteq and Wireline Services Groups announce merger Qteq and Wireline Services Groups announce merger Qteq and Wireline Services Groups announce merger Qteq and Wireline Services Groups announce merger

Qteq to merge with Wireline Services Group

Duncan Moore

Editor

Duncan Moore

Qteq founder and CEO Simon Ashton said he was looking forward to a new, efficient era with improved production and sustainability, and positive environmental outcomes on a national and global scale. "We are excited to join forces with a company that shares our vision for a sustainable, environmentally responsible georesources sector.

"WSG's 18 years of experience and dedicated team enhances Qteq's national and international service capability beyond our current bases in every Australian state and core hubs overseas."

The merger is supported by WSG founder and managing director Matthew Mayne, who will remain at Qteq as managing director of the Qteq Measurement Systems division. Mayne said that the merger was the perfect opportunity for the company's expertise to reach new markets.

"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," said Mayne. "The integration of the two companies will provide new opportunities across the georesources sector on a scale that has not been seen before. It will build and refine the skillset of our combined teams and provide our clients with direct access to Qteq's innovative subsurface technologies."

As a leading provider of subsurface geophysical and geotechnical measurement systems, with logging units across Australia, Asia and Canada, WSG's in-house data services team will work alongside Qteq's client-focused team to increase the market uptake of Qteq's technology portfolio.

"We aim to offer the most innovative, cutting-edge subsurface data services and technology in the industry," added Mayne. "Qteq's research and development team, in Perth, Australia, is building a tech-based bridge from the oil and gas sector to the coal seam gas (CSG), mining and groundwater industries, with elemental spectroscopy and MWD Systems for RC drilling.

"WSG's enviable reputation for delivering a highly competitive, high quality and safe services across the industry aligns with Qteq's core vision."

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