CORROSION control products supplier Perisai Petroleum Teknologi Bhd is acquiring 55% of Allied Marine and Equipment Sdn Bhd (AME) to take advantage of the current and long-term demand for diving and inspection support in the oil and gas industry in the country and region.
Perisai Petroleum executive director Tengku Daud Shaifuddin said the acquisition is expected to consolidate the company's position as the number one value creating technology provider for the oil and gas industry for the Asean region in line with its vision statement. – Bernama
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