A BUSINESS unit of Norway’s Proserv Group which has its headquarters in the north-east has become a separate company to help it to accelerate growth.
Proserv Abandonment and Decommissioning (A&D), which employs more than 200 people worldwide and has annual turnover of £40million, is now operating as Proserv Offshore from its Kintore base.
David Dent, former senior vice-president of Proserv A&D and now managing director of Proserv Offshore, said: “Through a programme of strategic acquisitions over the past 18 months, we have brought together some of the best known names in the abandonment and decommissioning industry.
“As a result we have created the most comprehensive abandonment and decommissioning contractor in the world. We have a geographical spread from Australia and Malaysia to the Gulf of Mexico, with more than 200 personnel strategically placed to tackle projects around the world.
“We aim to continue growing our business both organically and through acquisition and believe the business requires a dedicated focus from the management team.
“We decided to retain the Proserv name because of the considerable investment made by existing shareholders and management in building the brand awareness, while introducing the offshore name to highlight our key business focus.”
Proserv Offshore will retain the same shareholders as Proserv Group, led by Norway’s Northern Industries.