VPS acquires UK-based testing firm
- Published
by Admin
Global fuel testing advisory company Veritas Petroleum Services (VPS) has acquired a transformer and insulating oil testing company based in Manchester, UK.
The acquisition of Transoil Laboratory Limited allows VPS to expand its testing and advisory service offering into power industries.
“In Transoil, we have acquired a company with a strong technical capability and excellent reputation, which is a great fit with our existing business,” said Dr Malcolm Cooper, group managing director of VPS.
“The addition of transformer and insulating oils to our existing portfolio of fuels and lubricating oils enables us to service a wider range of markets, and represents a platform for further growth and diversification of our testing and advisory business.”
Peter Broadbent, founder and managing director of Transoil Laboratory, says the development allows his company to expand its transformer and insulating oil testing and advisory services globally.
“With our combined service offering in fuel, lubricating and transformer oil testing and advice, we become an even stronger partner to our customers. We are very excited about this opportunity,” he says.
Financial terms of the transaction were not disclosed.
Photo credit: VPS
Published: 1 February, 2018
