According to the statement, this transaction includes Flow-Cal Inc. – a subsidiary of Coastal Flow that provides gas and liquid measurement software built specially for the hydrocarbon measurement industry.
Quorum claims that the acquisition of Coastal Flow and Flow-Cal will expand and strengthen its software and services portfolio with the long-time leader in measurement data management for natural gas and petroleum liquids.
Gene Austin, chief executive officer of Quorum, said: “By integrating measurement data management with digitally enabled solutions that span the entire energy value chain, our combined company is uniquely positioned to help oil and gas companies adapt to changing operational and cost structures that are the new normal for the industry.
“Our joint customers and partners report seeing clear value in the acquisition. They believe our combined entities will drive industry innovation.”
Read the article online at: https://www.lngindustry.com/product-news/19032019/quorum-acquires-coastal-flow-measurement-and-flow-cal/