Penspen acquires DPS Engineering

Penspen has acquired the engineering division of DPS Group.

The acquisition, which increases Penspen’s headcount by 10%, took place in mid-September, and supports Penspen’s strategic drive to grow the scope of services that it provides to its clients. This acquisition significantly strengthens Penspen’s oil and gas process facilities engineering capability, and brings access to the FPSO construction market in Asia Pacific.

The purchase includes all DPS engineering staff based in Singapore and Bristol, whose skills and experience will enable Penspen to support its clients throughout the full life cycle of their oil and gas assets. The DPS Engineering team has an excellent track record in the design of topsides for fixed platforms and FPSOs, as well as for onshore process facilities.

Penspen’s CEO Peter O’ Sullivan commented: “This is a very exciting time for Penspen and DPS Engineering. We are confident that our new partnership will appeal to our clients and we look forward to working with them to develop high quality onshore and offshore production facilities for their oil and gas assets.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.worldpipelines.com/business-news/29092014/penspen-acquires-division-of-dps-group-855/