Announced
Financials
Sources
Tags
Acquisition
Cross Border
Friendly
Single Bidder
Private
United States
asset performance management
reliability consultancy
Pending
Management Consulting
Majority
Synopsis
Shell, an energy company, agreed to acquire TFH Reliability Group, a holding company of Allied Reliability, a provider of industrial products and services, asset performance management and reliability consultancy services. Financial terms were not disclosed. "In addition to expanding the suite of lubricants products we can offer customers, acquiring a proven, credible player in the industrial services space allows us to offer a 'products-plus-services' model that can help customers drive improvements in performance and safety for their equipment," Machteld de Haan, Global Lubricants Vice President.
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