Proserv buys Nautronix
- Business & Finance
Proserv, an energy services company, has acquired Nautronix, a company specialising in the supply of subsea digital acoustic communication products and positioning services to the oil and gas industry. Nautronix is based in Aberdeen, United Kingdom, and employs around 120 people.
The company’s specialises in digital acoustic wireless communications and positioning systems, diver communications and vessel systems whilst also providing survey services.
As part of the transaction, Nautronix chief operating officer Mark Patterson will joining Proserv.
Providing the rationale behind the acquisition Proserv has said that the move will heighten Proserv’s position as a leading player in the controls and communications market and present the company with the opportunity to expand its offering by providing fully integrated subsea controls, communications, positioning and survey services.
David Lamont, Proserv’s chief executive officer, said: “I am thrilled to welcome the Nautronix team to Proserv. We have been working together on bringing the two companies together for over a year, and while times in our industry are challenging, the rationale and benefits to all stakeholders including employees, shareholders and our clients remain as strong, if not stronger than ever.
“I am also excited to have Mark join the senior management team at Proserv. Mark will lead the Nautronix team through the transition and integration process as well as assuming his senior global position as head of strategy and new ventures for the Proserv Group. Individually, the two companies have been doing well in these more demanding times; together, however, we are much stronger, bringing a combined technology platform that is both unique and of great potential to deliver truly game-changing solutions to our customers to meet the challenges and more importantly deliver the opportunities facing the industry today and in the future.”
Mark Patterson, chief executive officer of Nautronix, added “It was important for us to find the right company to partner with and we are delighted that it’s Proserv. Strategically, this is a fantastic opportunity for Nautronix as we can leverage from the increased exposure globally. That, combined with our considerable experience in the drilling, subsea and survey market, presents us with considerable opportunities going forward. We relish joining David and the Proserv team in building what we feel will be a compelling service offering, particularly with the significant cost savings and life-of-field benefits our products and services can bring within an increasingly challenging market.”