Veritas Petroleum Services (VPS) has announced the acquisition of PGI Industries to expand its transformer oil presence into Southeast Asia.
VPS, the transformer insulating oil testing company, has acquired Singapore-based PGI Industries Pte, specialists in transformer oil sampling and testing services.
This move is an integral part of VPS's strategy to support the power and electricity supply industries in a more sustainable way. The acquisition will also expand the company's existing VPS Transoil EU footprint into Southeast Asia to strengthen its global offering, VPS said in a press release.
"The acquisition of PGI Industries will enhance VPS's preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset," said VPS CEO Malcolm Cooper.
PGI Industries has been providing high quality Transformer Oil Testing services to its Southeast Asian customers since 1994 from its Accredited Laboratory in Singapore.
"Incorporating PGI Industries valued quality services to the VPS portfolio creates an incredible opportunity to grow and service a larger customer pool in Southeast Asia," said PGI Industries CEO Koh Gek King.
