Yorkshire firm acquired by US-based automation specialist
Sensia, an automation specialist in oil and gas production, transportation, and processing, has acquired Swinton Technology, which offers metering supervisory systems and measurement expertise in the oil and gas industry.
The acquisition will incorporate Malton-based Swinton Technology products and solutions into the Sensia portfolio, expanding Sensia’s metering opportunities and measurement domain expertise.
Sensia, which is a joint venture owned by Rockwell Automation and Schlumberger, provides hardware, software, systems and petrotechnical expertise to automate processes and workflows throughout the oil and gas industry.
And Swinton Technology systems generate measurement data for fiscal and financial transactions throughout the oil and gas supply chain.
Allan Rentcome, chief executive officer at Sensia, said: “Measurement is the core of oil and gas automation, and fiscal measurement is our customers’ mechanism for revenue, billing and loss management.
“Customers are demanding integrated automation, measurement and digital solutions and Swinton Technology provides us with technology and expertise that will expand Sensia’s growth in the metering systems market.”
Ben Leach, Swinton Technology managing director, added: “There is a large customer installed base that needs to upgrade its measurement data systems to improve performance.
“There are also metering system providers without supervisory capability. With its global reach and oil and gas expertise, Sensia will now be able to better serve this market.
“I’m confident that under Sensia’s ownership, Swinton Technology products and solutions will improve their market share.”
Swinton Technology will be known as “Swinton Technology, a Sensia company.”
Advisors involved in the transaction were: BHP Corporate Finance – Hamish Morrison and Matt Scott. Andrew Jackson – Philip Ashworth and Nicole Waldron. Eversheds – Robin Johnson and Megan Irons.
