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

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