Graham Smith and Iain Fraser of FRP Advisory were appointed joint administrators of Innospection Limited in late August after the business suffered from unsustainable cash flow problems.

The acquisition by Warrington-based Sonomatic includes all assets, technology and IP, including a range of leading industry technology and tools such as MEC™ (Magnetic Eddy Current), MEC™ Floor scanners, MEC™ Pipe scanners, MEC™ Splash Zone scanners and MEC™ subsea scanners.

The technology and tools significantly extend Sonomatic’s selection of asset care solutions.

Graham Smith, joint administrator and director with FRP Advisory, said: “We are delighted to have secured the sale of the assets of Innospection and its range of leading industry technologies and systems to Sonomatic. It is particularly rewarding that several highly skilled jobs have also been saved and we wish Sonomatic every success with their development plans.”