Energy production technology services company Proserv has further bolstered its rapidly-expanding subsea manufacturing capabilities and specialist integrated services after completing the acquisition of major engineering player KRG Industries Ltd.
Proserv has acquired the entire share capital of UK-based KRG Industries (KRG) from majority shareholder Torishima Pump Mfg. Co. Ltd, (Torishima) in Japan.
With a 35-year track record, KRG is a well-established provider of precision engineering services to the oil & gas and aerospace & defence industries. Using a modern fleet of high specification equipment, the company provides a broad suite of services including machining, welding, inspection and testing to an increasingly international base of blue-chip customers including oil and gas original equipment manufacturers (OEMs), oilfield service companies and defence contractors.