Proserv Boosts Global Reach with Velocious Aquisition
Energy production technology services company Proserv has strengthened its global position with the acquisition of subsea engineering firm Velocious.
The deal for the business, based in Perth, Australia, will see Proserv integrating more than 20 members of staff specializing in intervention, tooling, engineering innovation and project management into their business.
Established in 2006, Velocious has been involved in providing innovative solutions to some of the most demanding projects faced by oil and gas companies across the globe. The company specializes in the subsea domain with intervention on subsea production equipment being a particular area of strength.
Delivering innovative solutions to clients operating in the subsea space relies on the multi-disciplinary team of engineers at Velocious and their very significant knowledge and experience.
Velocious has a strong track record for oil and gas project management and has worked for a host of international companies.
The deal comes six months after Proserv acquired U.S. company Total Instrumentation & Controls (TIC), taking on its 300 members of staff. In addition, Proserv also took on Weatherford’s subsea controls subsidiaries during 2012, adding an additional 300 staff to the company.