Product category:
Oil & Gas Fiscal Flowmetering systems
News Release from: Jiskoot
Edited by the Processingtalk Editorial
Team on 01 March 2005
Jiskoot management buy-out goes for
expansion
Jiskoot, a leading international supplier of flow measurement solutions to the oil and gas industry, has announced the completion of a management buy-out, finalising the company's succession plan
Jiskoot, a leading international supplier of flow measurement solutions to the oil and gas industry, has announced the completion of a management buy-out, finalising the company's succession plan which allows Managing Director Mark Jiskoot and the Board of Directors to continue the business expansion programme started in 2004 Retiring Chairman JJ 'Beer' Jiskoot founded the company in 1961 and created a market-leading business with a reputation for innovative measurement solutions
This article was originally published on Processingtalk on 30 Jul 2008 at 8.00am (UK)
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He developed and patented digital closed loop control concepts that form the basis of all modern blending systems.
The company has a 40-year track record of technology 'firsts' that have defined the shape of the industry, including development of the unique JetMix pipeline mixing system, deployment of the first subsea multiphase flow meter and design of an innovative lube oil dehydration system.
"I would like to thank my father," said Mark Jiskoot.
"He laid the foundation for our success with a culture of innovation and an impeccable international reputation.
We are currently re-organising our management team to ensure we are structured to meet the challenges of the future and I am truly excited by this opportunity to take the company forward.
We are very strongly positioned in a growing market and will continue to focus on using our technology and innovation to deliver the maximum value and return on investment for our customers," he added.
'Beer' Jiskoot commented: "I am absolutely delighted with the outcome of this deal and could not leave the business in better hands.
The innovative attitude and team spirit that has made Jiskoot what it is today is all because of the excellent quality of our staff.
I would like to thank and wish them success for the future.".
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