The Proserv Group has strengthened its position in the instrumentation and calibration sector of the oil and gas industry with the acquisition of GM Engineering Ltd, a leading international provider of chemical injection pumping equipment.
Based in Aberdeen, the company is the largest of its kind in the UK, providing design, manufacturing, hire and service and repair of chemical pumping equipment to international markets in Europe, Africa, the Middle East, Far East and Australia.
As a result of the acquisition, GM Engineering will become part of Proserv’s Instrumentation and Calibration strategic business unit (SBU).
“The purchase of GM Engineering is strategically important for Proserv Instrumentation and Calibration SBU as it provides us with a UK base for our mobile chemical injection pump division,” says Proserv’s Instrumentation and Calibration Senior Vice president, David Gray.
“The acquisition will further strengthen our position in this key market and will complement the services already on offer by Chemical Injection Equipment AS, the Norwegian company Proserv acquired last year.
“Our vision is to have each division within the Instrumentation and Calibration SBU fully operational throughout key geographical locations. We now offer a full suite of services from four locations within the UK, as well as being fully operational in Norway.
“We continue to grow, with two bases in Africa and plans to open a further three bases in the Middle East by the end of this year. Here in the UK, there will be a need to take on a number of workshop and engineering staff, and increase our recruitment targets for 2008.”
GM Engineering’s existing management team, including its co-founders, will continue to support and lead its operations, working together with the management group from Proserv’s Instrumentation and Calibration SBU.
Donald Morrison, Operations Director for GM Engineering comments:
“Our strengthened engineering capabilities enable us to increase the number of chemical injection systems manufactured in-house. This will reduce costs and streamline the core businesses. The acquisition will facilitate faster international expansion and provide a more comprehensive service for local and international customers.”
GM Engineering was founded in 1986 and has an in-house testing facility which specialises in the recalibration of gauges, hydrostatic testing and the recertification of pressure relief valves.
ends
For further information:
Ken McEwen
The PR Partnership
Tel 01224 248007
DD 01224 216067
Mobile 07768 105449
ken@prpartnership.co.uk
Emma Hogarty
The PR Partnership
Tel 01224 248007
DD 01224 216074
emma@prpartnership.co.uk
Gael Threipland
Proserv
Group Marketing
Tel 01224 280067
gael@proserv-group.com
ISSUED ON BEHALF OF THE PROSERV GROUP BY
THE PR PARTNERSHIP (SCOTLAND) LTD
NOTES FOR EDITORS
GM Engineering will be incorporated into Proserv’s Instrumentation and Calibration SBU, which offers accredited and onsite calibration services, mechanical and electrical testing, service and maintenance, and the hire and sale of a range of mechanical, chemical and electrical instrumentation systems.
Established for more than 30 years, The Proserv group of companies offers wide-ranging yet niche technical expertise to international oil and gas markets.
Focusing our services and products on the evolving challenges of the industry we offer international leadership across five Strategic Business Units:
- Test and Control Systems
- Instrumentation and Calibration
- Oil and Gas Sampling
- Abandonment and Decommissioning
- Speciality Machining
In April 2006 the Proserv Group was bought by the private equity player, Northern Industries, with support from leading Norwegian investors. Last year the company’s turnover was £87.7 million (NOK 950 million), with an expanding workforce of over 560.