Dubai – December 12, 2017
In another move of significantly strengthening their asset management portfolio, Joulon acquires the Harris Pye Engineering Group, who are global specialists in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas, and associated onshore industrial sectors. With over three decades of experience in the marine and associated industrial sectors, and over a decade in the offshore oil industry, they are a front-runner in new product development and in the development of new markets worldwide. They lay much emphasis on adherence to strict quality control methods and standards, supplying top quality products and fast and efficient customer service, round the clock, worldwide.
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.