Proserv completes acquisition of KRG

Proserv has completed the acquisition of engineering player KRG Industries Ltd. from majority holder Torishima Pump.

Offshore staff

COATBRIDGE, UK –Proserv has completed the acquisition of engineering player KRG Industries Ltd. from majority holder Torishima Pump.

KRG provides a suite of services including machining, welding, inspection, and testing.

Nick Dalgarno, managing director of corporate finance advisor Simmons & Co. International said: “This is an excellent deal for both parties, providing international opportunities for KRG management and staff while securing the supply chain for rapidly-growing subsea firm Proserv, enhancing their competitiveness in an increasingly tight market.”

02/12/2015

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