Acquisition

Glacier Energy Services has announced the acquisition of Singapore-based non-destructive testing (NDT) and inspection services provider Professional Testing Services (PTS), for an undisclosed value.

The acquisition of PTS is expected to add further capability to the company’s portfolio, while increasing the group’s annual turnover to more than £25m.

Glacier will also achieve an employee base approaching 200 at its UK sites across Aberdeen, Glasgow, Newcastle and Fife, as well as in Singapore and Benelux.

Glacier Offshore division managing director Mark Derry said: "Acquiring PTS further enhances our offering and opens up opportunities across the sectors, complementing our onsite machining and the repair and refurbishment work that we carry out through Roberts, Site Machining Services and Ross Offshore.

"PTS has some of the best-qualified resources in NDT in the North Sea. Its inspectors are qualified to level two as a minimum, and the company also has a significant number of level three qualified personnel enabling it to provide a comprehensive range of services, including consultancy, to its clients."

PTS NDT services are said to be used on new-build fabrication and assembly projects for the oil and gas and renewable sectors.

"PTS NDT services are said to be used on new-build fabrication and assembly projects for the oil and gas and renewable sectors."

PTS operations director Tom Shields said: "Expanding our operations as part of the Glacier group will offer us opportunities to diversify into new work areas and markets, giving us a platform for real growth."

According to Glacier, the acquisition of PTS adds yet another service to the group, following on from its acquisition of Ross Offshore.

PTS provides ultrasonic, radiographic, magnetic particle, dye penetrant and visual inspection services, which are vital to ensuring the initial integrity of offshore oil and gas assets.


Image: From L-R: PTS director Tom Shields, Glacier Energy Services MD Mark Derry and Glacier Energy Services chairman Scott Martin. Photo: courtesy of Glacier Energy Services.

Energy