Acquisition of Precision Systems

August 6, 2009

VersaTech Automation Services, LLC is pleased to announce that it has purchased the assets of Precision Systems, LLC, a thirteen year old automation and controls company headquartered in the New Orleans area. The acquisition of Precision Systems fits well with VersaTech’s strategic growth initiative and provides us with a top quality control system fabrication facility in the New Orleans area. The facility is approximately 15,000 sq. ft. and includes quality office space and a warehouse, shop, and climate-controlled fabrication and testing area. This facility will complement VersaTech’s existing control system fabrication facilities in Houston, Texas and Dubai, UAE, and VersaTech’s field service operation, based in Belle Chasse, Louisiana. The acquisition of Precision Systems will increase VersaTech’s technical staff and will allow us to better serve our customers in the New Orleans area.

 

VersaTech Automation Services is the automation and controls affiliate of Versabar, Inc., a prominent New Orleans and Houston based company, serving the offshore and onshore energy industry since 1981. The extensive worldwide experience of the VersaTech staff, augmented by the facilities, capabilities, business philosophy, and financial strength of Versabar, Inc., offers a multi-national company with vertically integrated capabilities unique in the automation and controls business. From solid-state, pneumatic, or hydraulic control systems, to skid-based hydraulic power units and large packaged automation systems, VersaTech can cost-effectively design, fabricate, program, test, install, service, and maintain your process control and safety system at locations throughout the world.