Dubai – August 15, 2017
Joulon Services DMCC completed the acquisition of Excel Marco, a leading Singapore and Shanghai based instrumentation and controls group. Excel Marco is a pioneer and a leading provider of automation solutions to the offshore and onshore oil and gas industry. Excel Marco has designed, engineered, manufactured, installed and commissioned complex I&C systems on over 100 drilling rigs and over 30 offshore production facilities globally. This includes complete systems for Vessel Management, Integrated Control and Safety, Production Control, Process Control, Fire and Gas, SCADA and Emergency Shutdown systems.
Joulon was founded to create an integrated entity to provide asset management services to the oil and gas industry globally. The investment in the platform has been made primarily by KKR Asia Fund II, which is a $6 billion fund that seeks to invest in a wide range of industries in the global marketplace.
Joulon brings together decades of hands-on asset management experience with a comprehensive suite of products and services to help asset owners and operators reduce the life cycle costs of their physical assets. Joulon asset management offerings are executed through its 5 platforms, namely – Pressure Control & Management, Mechanical Works, Asset Integrity, Power Plant & Controls and Project Management.