Proserv acquires PT Petrotech

The Proserv Group has purchased PT Petrotech.

Offshore staff

TANANGER, Norway -- The Proserv Group has purchased PT Petrotech.

Located in Batam, Indonesia, with a subsidiary in New Orleans, PT Petrotech specializes in the design and manufacture of customized control equipment to international oil and gas markets. Its main focus is the engineering and design of wellhead control panels.

Proserv intends to increase the product portfolio and engineering services on offer to the Far East market, offering enhanced engineering, manufacturing, installation, and commissioning services throughout the region.

The existing management teams will continue to support and lead PT Petrotech operations in Indonesia and the US. They will work together with Proserv's Test and Control Systems Strategic Business Unit (SBU).

Andre Spin will continue his duties as general manager for the Far East operation, while Chris Lytle and Brad Preston will continue to manage finance and operations for the US, respectively.

04/21/2008

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