Baker Hughes acquires Canadian oilfield equipment supplierAugust 17, 2010
Baker Hughes has acquired Alberta, Canada-based Tanroc, an oilfield equipment and service supplier, the company recently announced.
Tanroc primarily supplies progressing cavity pumping systems and surface production equipment, including variable frequency drives for downhole pumping systems and wellhead drives. The acquisition complements Baker Hughes LIFTEQ line of PCP systems. It also solidifies a service and repair footprint and direct distribution channel for the oilfield service company's PCP products in Canada.
Tanroc has provided service, repair and distribution for PCP systems in Canada from its main facility in Lloydminster, Alberta and smaller service centers in Bonnyville and Wabasca since 2006. Tanroc served as the Canadian distributor for Baker Hughes' LIFTEQ systems prior to its acquisition.
"Tanroc's staff brings to Baker Hughes not only extremely valuable expertise in PCP equipment, but also a proven business model," said Mike David, presidnet of Baker Hughes in Canada. "Both will be important keys to better serving our PCP customers in Canada, as well as in other markets."