Proserv acquires subsea engineering firm Velocious

6/24/2013

Proserv acquires subsea engineering firm Velocious

ABERDEEN -- Energy production technology services company Proserv has acquired subsea engineering firm Velocious.

The deal for the business, based in Perth, Australia, will see Proserv integrating more than 20 members of staff specializing in intervention, tooling, engineering innovation and project management into their business.

Established in 2006, Velocious has provided solutions to some of the most demanding oil and gas projects across the globe. The company specializes in the subsea domain with intervention on subsea production equipment being a particular area of strength.

The deal comes six months after Proserv acquired U.S. company Total Instrumentation & Controls, taking on its 300 members of staff. In addition, Proserv also took on Weatherford’s subsea controls subsidiaries during 2012, adding a further 300 staff to the company.

This latest deal sees Proserv increase its talent pool to in excess of 1,900 employees.

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