Probe Holdings, Inc. acquire Sentergy of Aberdeen
FORT WORTH, TX, November 8, 2010 – Probe Holdings, Inc. has acquired Sentergy of Aberdeen, Scotland in an undisclosed cash and equity transaction. This oilfield technology based acquisition is part of a strategic plan to create a world-class technical engineering and manufacturing group that can provide downhole tools and systems to the global oilfield service sector. Over the last 18 months, Probe has acquired a number of technology companies, which complement its core offerings of open hole, cased hole and production downhole tools and systems. These new offerings include the globally recognized Kuster range of tools that include a portfolio of slickline gauges, high temperature electronics and permanent gauge systems. In addition, Probe is launching new acoustics-based imaging technology produced in Aberdeen, and a revolutionary thru-casing power and data transmission system that has been developed in Norway.
“It was the Sentergy team and their approach to tool development that first attracted us to them.”, said Maarten Propper, CEO Probe Holdings, Inc.” In the space of two years they have developed, produced and sold high quality memory tools and systems into the demanding North Sea market. Complex tools such as their slickline “trigger” system and ultra fast sampling pressure gauge. That’s quite an accomplishment.”
Paul Church, Managing Director of Sentergy commented that “The Probe platform as presented to us by Maarten is an extremely compelling strategy. We see where we fit in, how the combined companies form the foundation of a very strong technical base, and see that the commercial frameworks being developed will ensure that our customers continue to get value for money and the best available technical answer to their needs.”
Within the growing Probe organization, Paul Church will become Regional Manager for Probe’s Europe & West Africa Geo-Center and will also manage the Aberdeen Probe Technical Center.
Probe’s strategy revolves around developing fit-for-purpose technical tools and systems while providing customers with exemplary customer support. Probe’s Technical Centers are responsible for delivering technical tools and support systems and its Geo-Centers are responsible for front line customer support, training, repair & maintenance of tools as well as providing and maintaining a rental fleet of tools that is appropriate for that particular market.
