Denholm Oilfield Services has sold its UK valves business to EnerMech Limited for an undisclosed sum.
All direct staff will transfer to EnerMech and Chief Executive Officer, Doug Duguid, said: “The opportunity arose to acquire a well-established valves business which will upscale our existing UK valves business and offer economies of scale.
“Denholm Valvecare has a lengthy track record of success and enjoys many positive relationships in the industry. This deal adds value to existing clients of both businesses while giving us a strong platform to grow the service in the years ahead.”
Denholm Oilfield Services retains its valve operations in Kazakhstan, Azerbaijan and Abu Dhabi.