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Oil & Gas / North Sea

px Group will execute strategy ‘without missing a beat’ under new owners, CEO says

Strong boardroom and management continuity means px Group can carry on executing its strategy “without missing a beat” following a change of ownership, its boss said yesterday.
By Mark Lammey
29/04/2021, 12:01 am Updated: 29/04/2021, 10:34 am
Photo of Mark Lammey
© Supplied by PX GroupAn employee at Teesside Gas Processing Plant, which is operated by px Group.
An employee at Teesside Gas Processing Plant, which is operated by px Group.

Strong boardroom and management continuity means px Group can carry on executing its strategy “without missing a beat” following a change of ownership, its boss said yesterday.

Px, which operates St Fergus gas plant near Peterhead, is now owned by a combination of Aksiom Services Group (ASG) and its own management team, led by chief executive Geoff Holmes.

ASG is a partnership between Dublin-headquartered venture capital business Aksiom Group and Houston-based private-equity firm Ara Partners.

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