Airpac Doubles Size with Acquisition of Bukom Oilfield Services
Specialist equipment rental group Vp plc has acquired the oilfield services division of Bukom which will be combined with their existing Airpac Oilfield Services business.
Bukom, which operates from Aberdeen, Holland and Singapore, is involved in the rental of air compressors, steam generators, heat exchangers, sand filter units, coflexip hoses and ancillary equipment to the oil and gas industries world-wide, primarily for the well testing sector. Bukom also provide associated operator personnel as required for its equipment. The Bukom businesses will be merged into Vp's specialist compression equipment division, Airpac Oilfield Services, which is headquartered in Aberdeen. The Bukom acquisition effectively doubles the size of Airpac Oilfield Services and represents a major expansion in Airpac's global coverage opening markets in North and South America, Africa, the Middle East and Caspian regions. It also bolsters Airpac's position within Asia Pacific where it already is a leading rental provider to the oil and gas industries. The addition of sand filters and heat exchangers to the product range will enable Airpac to offer wider packaged solutions for well testing operations.
Bukom's operations in Scotland and Holland will transfer into Airpac's UK facilities in Aberdeen and Great Yarmouth. The Singapore based operations will be absorbed into Airpac's existing Singapore facility. Bukom's oilfield fleet includes around 50 steam generators and in excess of 100 compressors.
David McMillan, Managing Director of Airpac Oilfield Services commented "We're delighted to acquire the Bukom Oilfield Services business. The doubling of the size of our business significantly increases our ability to service client demands across new international markets and adds complementary high-demand products to our range. The businesses' combined specialist experience in the oil and gas sector exceeds 50 years and represents a powerful combination".
- Airpac Doubles Size with Acquisition of Bukom Oilfield Services (Mar 13)