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Kintore pipeline specialist STATS acquired by SRJ in £73m deal

By Andrew Dykes
Leigh Howarth, Chief Executive Officer, STATS (UK) Limited. Aberdeenshire. Supplied by STATS Group
Leigh Howarth, Chief Executive Officer, STATS (UK) Limited. Aberdeenshire. Supplied by STATS Group

Aberdeenshire pipeline specialist Stats Group is being sold to Australia-listed SRJ Technologies in a £73 million deal.

Kintore-based Stats, which specialises in pressurised pipeline isolation, hot tapping and plugging services, announced on Tuesday that its shareholders have executed a share purchase agreement to sell 100% of its shares to SRJ.

A spokesperson said no redundancies were planned as part of the acquisition.

Read the full story on Energy Voice here.