Summary
TISI Chart
Team Internet expects update on potential DIS division sale by end of Q3
Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF, FRA:4CN) expects to announce the outcome of a potential disposal of its Domains, Identity & Software division in the first half of the third quarter of 2026, as the group's strategic review to unlock shareholder value progresses. It said discussions with selected parties were continuing and that it would pursue a sale where it delivers fair value, though it cautioned that no certainty existed that any transaction would be agreed or as to its terms.
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Team Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Gary L. Hill CEO | NYSE Exchange | 878155100 CUSIP |
| US Country | 5,400 Employees | - Last Dividend | 22 Dec 2022 Last Split | 17 Mar 1992 IPO Date |
Overview
Team, Inc. is a diversified service company providing a comprehensive array of mechanical, heat-treating, and inspection services across various regions including the United States, Canada, Europe, and other international locations. With its operations segmented into Inspection and Heat Treating (IHT) and Mechanical Services (MS), the company stands as a provider of both conventional and specialized services, catering to a wide range of industry needs. Established in 1973 and headquartered in Sugar Land, Texas, Team, Inc. leverages its extensive experience and expertise to offer solutions that ensure the integrity, maintenance, and safety of industrial equipment and facilities.
Products and Services
The diverse offerings of Team, Inc. encompass a variety of services within its two operational segments, Inspection and Heat Treating (IHT), and Mechanical Services (MS).
- Non-destructive Evaluation and Testing: Includes advanced techniques like radiographic, ultrasonic, magnetic particle, and liquid penetrant inspection, aimed at identifying defects or discontinuities without damaging the components being tested.
- Advanced Material Identification and Testing: Services such as positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing, provide intricate analysis and identification of material properties.
- Specialized Ultrasonic Testing: Utilizes long-range guided ultrasonic and phased array ultrasonic testing methods for detailed examination and assessment of materials and structures.
- Storage Inspection and Management: A comprehensive terminal and storage inspection and management program that ensures the integrity and efficiency of storage facilities and terminals.
- Rope Access and Integrity Services: Offers access solutions for difficult-to-reach areas combined with mechanical and pipeline integrity assessments to ensure compliance and safety.
- Heat Treating Services: Specialized heat treating procedures that enhance the properties of metals and alloys, improving their performance and lifespan.
- Engineered Composite Repair: Innovative repair solutions using engineered composites to restore and enhance the structural integrity of various components.
- Emissions Control/Compliance: Services aimed at reducing emissions and ensuring compliance with environmental regulations.
- Hot Tapping and Valve Insertion: Techniques that allow for connection to a pipeline or vessel without interrupting system operation.
- Field Machining and Bolted Joint Integrity: On-site precision machining services and joint integrity solutions to ensure optimal performance and reliability of machinery and equipment.
- Leak Repair and Vapor Barrier Applications: Comprehensive leak repair services alongside vapor barrier plug and weld testing to prevent hazardous spills and emissions.
- Valve Management Services: Extensive valve management solutions to ensure the proper operation and maintenance of valve systems within industrial settings.
