Proserv to acquire Nautronix

Proserv Group LLC has acquired Nautronix, a subsea digital communication product supplier based in Aberdeen, UK. The transaction includes the relocation of Nautronix’s Chief Operating Officer, Mark Patterson, who will join Proserv.

Patterson said: “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.”

David Lamont, Proserv’s CEO, commented: “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.”

Edited from press release by Angharad Lock

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/07092015/proserv-to-acquire-nautronix-1357/