Layne Christensen Company

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Company typePublic (NASDAQ: LAYN)
IndustryDrilling
PredecessorLayne, Inc. (established 1882)
Founded1998
Layne Christensen Company
Company typePublic (NASDAQ: LAYN)
IndustryDrilling
PredecessorLayne, Inc. (established 1882)
Founded1998
FounderMahlon E. Layne
Headquarters,
United States
Area served
Western Hemisphere
ProductsWater Treatment Equipment, Filter Media, Cured in place pipe renewal
ServicesHydroGeologic Services, Drilling, Well and Pump Maintenance, Water Treatment, Pipeline Installation, Sewer Rehabilitation, Mineral Exploration, Unconventional Natural Gas Production, Soil Stabilization and Dewatering.
Number of employees
4,500
DivisionsWater Resources, Mineral Exploration, Geoconstruction services and Energy services
Subsidiaries50 Offices worldwide
Website

Layne Christensen Company is a U.S.-based global water management, construction and drilling company. The company has two divisions, which are Water Resources-Mineral Services and Inline.

Construction

Layne Christensen is involved in the construction of underground projects like dams and levees, tunnels, water lines, subways, highways and marine facilities.

Drilling

Layne specialists are able to define the source, depth, magnitude and overall feasibility of water aquifers, and drill high-volume wells suitable for supplying water to government agencies, industrial and agricultural customers. Their mineral exploration teams extract contaminant-free samples that accurately reflect the underlying mineral deposits.

Divisions

Mineral Exploration

Mineral Exploration Division conducts primarily above ground drilling activities, including all phases of core drilling, reverse circulation, dual tube, hammer and rotary air-blast methods. Layne's service offerings include both exploratory and directional drilling for major gold, copper and other base metal producers.

Energy Services

Inline

Layne Inline, LLC is the second largest cured-in-place pipe (CIPP) lining company in the United States. Layne began as the first U.S. licensee of the Inline technology in 1991 and since that time has acquired the technology company, Inline Technologies, LLC, and the liner manufacturer, Liner Products, LLC.

Markets

Water

Layne identifies and develops new water sources, delivers usable water to communities and facilities around the world, recycles water from oil and gas operations, rehabilitates existing pipelines, and safely returns wastewater to the natural environment.

Mineral

Layne's service offerings include both exploratory and definitional drilling for major gold, copper and other base metal producers. They conduct primarily above ground drilling activities, including all phases of core drilling, reverse circulation, dual tube, hammer and rotary air-blast methods.

History

Layne started in 1882 as a water-well drilling company in South Dakota. Through various acquisitions, proprietary rights ownerships, and expansions, Layne now has over 40 offices and affiliates in the United States, Canada, Mexico, and South America.[1] During its growth, Layne has evolved from a water-well drilling company to global water management, construction and drilling company that provides services to the water, mineral and energy sectors.

Acquisitions

  • Reynolds, Inc. on 28 September 2005[2]
  • Collector Wells International, Inc. on 13 July 2006[3]
  • American Water's Underground Infrastructure Group on 27 November 2006[4]
  • Water and Wastewater Treatment Technologies with Soulmates on 6 December 2007;[5] sold to Arista Capital Partners in January 2021[6]
  • Tirade Construction Company on 17 January 2008[7]
  • Wittman Hydro Planning Associates on 16 May 2008[8]
  • Meadows Construction Company on 18 November 2008[9]
  • W.L. Hailey & Company, Inc on 3 November 2009[10]
  • Intervals Technologies, LLC on 29 July 2010[11]
  • Deliberate Sociedad Anonymous (50% interest), parent company to Costa Fortuna on 25 August 2010[12]
  • Bencor Corporation of America on 17 November 2010[13]
  • Wildcat Civil Services 28 February 2011[14]
  • Costa Fortuna Fundación e Constructors Ltd. (acquired the remaining 50% interest) on 19 June 2012[15]

In the news

In 2010, Layne Christensen assisted in the rescue of 33 miners trapped for 69 days as a result of the Chilean mining accident of 2010 in Chile.[16]

In 2012, it was announced that certain officers and directors at Layne Christensen Company were under investigation in connection with allegations that certain payments by the company to customs clearing agents in connection with importing equipment into the Democratic Republic of Congo potentially might have violated the U.S. Foreign Corrupt Practices Act. Layne voluntarily alerted the U.S. Securities and Exchange Commission and U.S. Department of Justice of the possible discrepancies.[17] Necessary disciplinary actions were taken toward involved parties.

On Thursday, August 30, 2012, the CEO of Layne Christensen Co., Rene Robichaud rang the opening bell at the Nasdaq Stock Market in honor of the company's 130 anniversary.[18]

Chilean miner rescue

References

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