Press Esc to close

WorldOil

World Oil News Center



Proserv completes acquisition of KRG Industries

ABERDEEN -- Energy production technology services company Proserv has completed its acquisition of engineering firm KRG Industries. Proserv has acquired the entire share capital of the UK-based company from majority shareholder Torishima Pump Mfg. Co. in Japan.

KRG provides precision engineering services to the oil and gas, and aerospace and defense industries. The company provides services including machining, welding, inspection and testing, to customers like oil and gas original equipment manufacturers (OEMs), oilfield service companies and defense contractors.

The deal follows Proserv’s acquisition of Australian-headquartered Velocious, a subsea intervention and tooling company. Proserv also took on U.S. company Total Instrumentation & Controls near the end of 2012.

The latest acquisition, which includes integrating all 170 personnel, based at KRG’s Coatbridge headquarters in Scotland and its Stockton-on-Tees facility, sees Proserv grow to more than 2,200 employees, with all existing KRG management continuing to run the day-to-day operations as part of the Proserv organization.

02/11/2014

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events