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Greene’s Energy Group (GEG) has acquired the shares of Singapore-based Associated Rental Tools Co. Pte Ltd. (ARTCO).
ARTCO’s range of services includes rental, sales, service, repair and load testing of oilfield related equipment.
ARTCO’s products and services feature air and manual operated slip type elevators; spider slips; safety clamps; manual and hydraulic power tongs; fishing and drilling tools; cementing pumps; tubular equipment; rig parts; and compressor construction and repair.
“For GEG, ARTCO provides a great platform to bring our Devin and Cherokee rental equipment into the territory, and ARTCO’s pump and compressor construction and repairing capabilities will bring in-house expertise to GEG Asia Pacific’s pipeline services business,” said GEG chief executive officer, Bob Vilyus.
Dennis Lim, ARTCO’s majority owner, will remain as general manager and continue regional business development efforts. Cheok Poh Leng, ARTCO’s active minority leader, will retain her role as business manager, maintaining the company’s accounting and office functions. Lim and Poh Leng will report to John Johnston, general manager of GEG.