Proserv Buys Total Instrumentation

Purchase of Houston-based instrumentation and controls service company.

Proserv, an energy services and technology company based in the United Kingdom, has bought Total Instrumentation & Controls for an undisclosed price.

The acquisition of Houston-based TIC, which specializes in advanced process and control systems equipment and has a second manufacturing facility in Lafayette, La., increases Proserv’s staff by more than 300 people to more than 1,600 professionals with the entire American-based workforce joining forces with the company under the Proserv mantle.

TIC provides a broad range of installation and maintenance services to equipment manufacturing, drilling, production and pipeline companies. Specializing in blow-out prevention (BOP) stacking and installation services for offshore applications, the company manufactures drilling and production control systems and supplies ancillary subsea components such as remote terminal units (RTUs) and topside umbilical termination units (TUTUs).

The deal reinforces Proserv’s position as a leading player in the drilling and production controls market and provides the company with enhanced capabilities to expand its offering into the BOP subsea controls and services sector.

David Lamont, Proserv’s chief executive, said: “The acquisition of TIC is completely in line with our ambitious growth strategy - investing in companies and complementary world-class technologies that strengthen our suite of innovative products and services.”