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VPS on acquisition trail

Major marine fuel testing company VPS has acquired Singapore-based PGI Industries, which provides transformer oil sampling and testing services.

The company said move, in June, was an integral part of its “forward-thinking strategy to better support the power and electricity supply industries in a more sustainable way”.

Meanwhile, directly in the shipping sector, VPS has acquired Norwegian-based Yxney Maritime, which describes itself as specialising in “data-driven decarbonisation”.

 

A statement said: “This acquisition is part of VPS’s strategy to support the marine industry’s efforts to decarbonize and operate more sustainably.

. It also expands VPS’s growing digital services offering. Yxney’s advanced analytical software, Maress, provides vessel owners and operators the insight needed to decarbonise maritime operations and help create a more sustainable future. By joining forces, VPS and Yxney can now serve a bigger market and deliver even greater carbon reductions to every customer.”

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