Proserv announces sale and acquisition

Proserv news
Proserv news

Energy service company Proserv has announced a sale and an acquisition in quick succession.

Proserv’s Coatbridge-based speciality machining business, formerly known as KRG Industries, has been sold to¬†GIL Investments, a UK-based private investment firm.

The divested business will now trade as KRG Specialist Engineering Services.

It will continue to operate from its current facilities, providing precision machining services to a number of diversified clients in the oil and gas, aerospace and defence, rail and food sectors.

Meanwhile, Proserv has bought SGC Metering from Petrofac.

Founded in 1988, SGC Metering is a specialist in the design and manufacture of flow computer metering systems for the oil and gas industry.