Proserv completes acquisition of KRG
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