US group acquires Wireline Engineering
Posted on 28 Jul 2015 and read 1210 times
Aberdeen-based Wireline Engineering has been acquired by Texas-based Impact Selector. The deal will see the two companies market technically innovative products and solutions for mitigating risks during “well evaluation and intervention operations”. With facilities in the UK, the USA, South East Asia and the Middle East, the combined company says that it is “positioned to serve its global oil and gas industry customers in the most actively produc-
ing regions throughout the world”.
David Lane, CEO of Impact Selector, said: “The combination of Wireline Engineering and Impact Selector perfectly aligns with our vision of being the most reliable and trusted provider of conveyance-technology solutions that mitigate risk, enhance efficiencies and improve safety for customers working in the oil and gas industry world-wide. This new partnership of employees, products, services and locations further expands our capabilities to provide operating efficiencies and cost-saving solutions to our customers.”
Alan Gordon, managing director of Wireline Engineering, said: “It is highly unusual when two companies come together for there to be such a complementary fit, both in terms of their current organisation and their future strategy.”