Hydrasun acquires ATR's hydraulics business

ATR Group has sold the business and assets of ATR Hydraulics to Hydrasun.

Offshore staff

ABERDEEN, UK -- ATR Group has sold the business and assets of ATR Hydraulics to Hydrasun.

The deal has led to the formation of a strategic alliance between ATR Group and Hydrasun, which will provide customers with more choice and an enhanced range of services and capabilities regarding hydraulics, fluid transfer systems, and tool and equipment rental services, the companies say.

"ATR Group's core business is the rental of specialized tools and equipment for the offshore oil and gas industry maintenance and operations market," says Robert Skidmore, director of ATR Group.

"The hydraulics business has not been an ideal fit with our strategy of focusing on rental based services to offshore contractors and we are delighted to have entered into a deal with Hydrasun which safe-guards the long-term future of the workforce and provides a more focused platform for the growth of this hydraulics business."

01/12/2009

More in Company News