Dubai – December 13, 2016
Joulon Services DMCC announced the acquisition of a controlling stake in Sara Sae, a leading oil and gas equipment designer and manufacturer. Established in 1978, Sara, along with its subsidiary CPC, has the largest market share of surface BOP control systems. Sara also specializes in ring joint gaskets, hammer unions, flow iron equipment, handling equipment and other fast-moving goods used in drilling, fracking and completion segments.
www.sarasae.com www.cpcmfg.com www.stsproductsinc.com
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.