Energy services company Penspen has acquired the engineering division of DPS Group. The acquisition, which increases Penspen’s headcount by 10%, took place in mid-September, and supports Penspen’s strategic drive to grow the scope of services that it provides to its clients. This acquisition significantly strengthens Penspen’s oil and gas process facilities engineering capability, and brings access to the FPSO construction market in Asia Pacific.
The purchase includes all DPS engineering staff based in Singapore and Bristol, whose skills and experience will enable Penspen to support its clients throughout the full life cycle of their oil and gas assets. The DPS Engineering team have an excellent track record in the design of topsides for fixed platforms and FPSOs, as well as for onshore process facilities.