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
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.