Dubai – October 28, 2016
Joulon Services DMCC announced the acquisition of Thanh Ngoc, a 22-year old, global, highly efficient and cost-effective jacking system inspection and repair company. Thanh Ngoc has significant service experience with cranes, skidding, and mooring systems of various makes and models.
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.