Pipeline Technique Stanley Black & Decker deal
Written by Black Hot Fire Network on June 28, 2022
SCOTTISH energy infrastructure company Pipeline Technique (PTL) is to acquire the oil and gas division of Stanley Black & Decker, the US-listed international services, tool and equipment company.
In a “transformational acquisition” the move will see the Aberdeenshire-based firm’s employee numbers swell from 350 to more than 1,000.
PTL, which is backed by specialist energy private equity firm Bluewater, will take over the three groups of companies that make up the oil and gas division, which are CRC-Evans . . .
