October 23 2014 Latest news:
Thursday, August 2, 2012
Subsea control system company Proserv has secured two contracts worth more than £6m which it will fulfil from its newly-acquired base in Great Yarmouth.
The multi-million-pound deals will see the company provide a subsea control system for a tieback on Maersk Oil UK’s Clyde platform and a topside and subsea manifold control system to support another development in the southern North Sea.
Proserv acquired energy giant Weatherford’s Yarmouth base and 300 staff in May and the company has experienced exceptional growth over the past 12 months particularly in the subsea services sector.
David Lamont, chief executive officer at Proserv, said: “Our expertise and capabilities were greatly enhanced by the deal with Weatherford, especially having successfully managed a seamless integration of the existing controls team under the Proserv umbrella.”
One of East Anglia’s largest crane hire companies, Quinto Crane & Plant Ltd, has been bought out in a multi-million pound deal, with the new owner promising to safeguard the jobs for its 125 employees and guaranteeing future investment.