In order to reach its growth ambition on the industrial water market, Suez Environment, through its subsidiary Degremont, has completed the acquisition of Process Group, a highly reputable company on the industrial market.
Based in Melbourne (Australia), Singapore and Abu Dhabi (United Arab Emirates), Process Group is specialised in engineering, design, fabrication and the commissioning of equipment for the global oil and gas industry.
Process Group deals with complex and challenging projects requiring technology solutions such as gas dehydration, gas sweetening, produced water treatment and sand management.
Founded in 1978, the company counts 120 employees of several nationalities and achieved an annual turnover of approximately €60 million.
With this acquisition, Suez Environment extends its geographical footprint in the Middle East, South East Asia and Australia and reinforces its technical expertise and portfolio towards the upstream and downstream oil and gas industry.
Process Group brings additional capabilities in the oil and gas market, as well as commercial and technological complementarities to offer a complete portfolio of solutions and technologies to industrial customers all around the world.
Process Group will complete Suez Environment’s customer portfolio with global oil and gas companies such as Shell, BHP Billiton, Chevron, Premier and ExxonMobil.
The oil and gas market is one of Process Group’s key targeted sectors for its development in industrial water. Increasingly stringent environmental regulations will ensure significant growth opportunities in all regions.
Edited from source by Elizabeth Corner
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/27062014/suez_environment_acquires_process_group/