Energy production technology services company Proserv acquired Total Instrumentation & Controls (TIC). The acquisition of Houston-based TIC, which specializes in advanced process and control systems equipment and has a second manufacturing facility in Lafayette (La.), significantly increases Proserv’s capacity by more than 300 people to over 1,600 with the entire American-based workforce joining forces with the company under the Proserv mantle.
TIC provides a range of installation and maintenance services to equipment manufacturing, drilling, production, and pipeline companies. Specializing in blow-out prevention (BOP) stacking and installation services for offshore applications, the company manufactures drilling and production control systems and supplies ancillary subsea components, such as remote terminal units (RTUs) and topside umbilical termination units (TUTUs).
The deal is intended to reinforce Proserv’s position as a player in the drilling and production controls market and provides the company with enhanced capabilities to expand its offering into the BOP subsea controls and services sector.
David Lamont, Proserv’s chief executive officer, said in an official statement, “The acquisition of TIC is completely in line with our ambitious growth strategy—investing in companies and complementary world-class technologies that strengthen our suite of innovative products and services."
Proserv specializes in exploration & production, drilling, and infrastructure technical solutions and services to the global energy industry. The company operates worldwide from 30 sites in six geographical regions namely the Americas, North UK & Africa, South UK & Europe, Scandinavia, Middle East & North Africa, and the Far East & Australia.