Hatch Ltd acquires Upside Engineering
Canadian engineering firms say merger will strengthen their ability to design and deliver on most technically challenging oil and gas projects.
Canadian consulting engineering firm, Hatch Ltd., announced it will acquire Upside Engineering Ltd. The merger brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a local engineering firm that specializes in midstream hydrocarbon business.
“Together, we will take on and solve the toughest oil and gas challenges, from consultancy and feasibility through to operations to serve the entire value chain in Alberta, Western Canada, and beyond,” said Hatch’s Chairman and CEO John Bianchini. “We look forward to bringing positive change to Alberta’s oil and gas industry by leveraging Hatch’s unique blend of technology and process excellence in upstream and downstream oil and gas, combined with Upside Engineering’s proven track record of delivering midstream projects.”
Hatch and Upside Engineering are both privately-held, Canadian-founded firms, having respectively served Western Canada’s oil and gas sector from Calgary for over 30 years. Both firms are also ranked among Canada’s Best Managed Companies.
“Being equipped with a fully integrated project delivery capability and capacity will allow our joint organization to create stronger alliances in Alberta,” said Chris Read, President, Upside Engineering. “Drawing on Hatch’s global and diverse network, we are excited to focus on our service offering to our clients, while continuing to grow our market share.”