ShawCor Ltd. announces acquisition of X-Tek Industrial Limited

    (TSX: SCL.A, SCL.B)

    TORONTO, June 6 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced
that it has completed the acquisition of X-Tek Industrial Limited from X-Tek
Systems Limited in the United Kingdom. As a result of the acquisition, the
company has been renamed Shaw Inspection Systems Limited.
    Shaw Inspection Systems is a leader in the development of specialized,
real time/digital non-destructive testing systems. The company's technologies
provide particular benefits for inspection in the pipeline industry including
the ability to inspect welds on clad pipe at the high inspection rates
required when laying offshore pipelines. Shaw Inspection Systems expertise
provides a complete range of x-ray equipment designed to meet specific
customer requirements including both the hardware and specialized software
needed to ensure the efficient operation of the inspection system. The company
offers a range of innovative products developed specifically to eliminate the
need to use x-ray film while speeding up inspection processes. Shaw Inspection
Systems utilizes dedicated R&D capabilities to address extensive and diverse
applications in a wide range of industries including aerospace, military,
nuclear and pipeline. The company provides high value added to customers by
developing and commercializing innovative x-ray technologies with lowest cost
of ownership and full support.

    ShawCor Ltd. is a growth-oriented, global energy services company that
operates through six divisions which focus on technology-based products and
services for the pipeline and pipe services and the petrochemical and
industrial markets with over sixty manufacturing and service facilities
located around the world.

    This news release contains forward-looking information within the meaning
of applicable securities laws. Words such as "may", "will", "should",
"anticipate", "plan", "expect", "believe", "predict", "estimate" and similar
terminology are used to identify forward-looking information. This
forward-looking information is based on assumptions, estimates and analysis
made in light of the company's experience and its perception of trends,
current conditions and expected developments, as well as other factors that
are believed by the company to be reasonable and relevant in the
circumstances. Forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause actual results, performance or
achievements to be materially different from those predicted, expressed or
implied by the forward-looking information. The risks and uncertainties
include, among other things, changes in global economic activity and changes
in energy supply and demand which impact on the level of drilling activity and
pipeline construction; political, economic and other risks arising from
international operations; compliance with environmental, trade and other laws;
liability claims; fluctuations in foreign exchange rates and fluctuations in
raw material prices, as well as other risks and uncertainties that are more
fully described in the company's current Annual Information Form, annual and
quarterly reports and in other reports and filings made with securities
regulatory authorities and available at

For further information:

For further information: ShawCor Ltd., Gary Love, Vice President and
CFO, Tel: (416) 744-5818, E-mail:, Website:

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ShawCor Ltd.

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