Proserv has acquired SGC Metering from Petrofac.
Established in 1988, SGC Metering is a specialist in the design and manufacture of flow computer metering systems for the oil and gas industry. SGC provides expertise right across the full life cycle of a metering project, including conceptual design through to installation, operations and maintenance.
SGC will integrate into Proserv’s Production Controls business unit, headed up by its president, Andrew Anderson.
Proserv’s CSO Davis Larssen said, “SGC has a strong presence in the UK, the Norwegian market and has historically had a good focus in the Middle East, throughout the GCC – so this matches the markets that we already serve quite well within our Production Controls business unit.
“With our combined offering, we will complement each other very well within those regions, and this deal will also give us a better opportunity to leap forward strongly into new markets.”
Andrew Anderson added: “By acquiring SGC, we will be adding an additional product and service into our production controls suite of offerings. Being able to roll out a metering solution is another big step towards covering every base for our clients in our topside control systems.
“SGC joining the Proserv family means we effectively become a one stop shop for our customers.”
As SGC Metering becomes part of the Proserv portfolio, there will be no change to the firm’s management structure, with James Holt continuing to lead SGC.