Petrofac Expands Subsea Capability With KW Ltd. Purchase

Bought subsea pipeline consulting & engineering services business.

Petrofac Ltd., Aberdeen, U.K., (London: PFC) has acquired the entire share capital of Fetcham, U.K.-based KW Ltd. for an undisclosed price.

KW is a high-end subsea pipeline consulting and engineering services business. The business and its 56 employees will become part of Petrofac's Engineering & Consulting Services business.

KW technical director Kevin Williams says, “KW has built a strong reputation as a provider of high value subsea pipeline consulting and engineering and our strong technical and engineering capability provides a solid foundation for future growth. We are excited by the opportunities that being part of Petrofac brings and look forward to playing our part in the development of the business."

Petrofac general manager, engineering & consulting services, Woking, Martin Barnes says, “KW is a well-established business with an excellent technical reputation and a diverse customer base. The business complements our existing engineering services skills whilst adding valuable subsea capability that will enable us to develop our leading engineering proposition offshore."