Prior Power Solutions Doubles Sales and Workforce Growth in Offshore Equipment Rentals
Prior Power Solutions, a manufacturer in Great Yarmouth, has doubled its sales and nitrogen pump rentals, leading to a 10% increase in workforce. The company aims to expand its rental offerings by doubling the number of available pumps by 2026 with a £3.3 million investment, following a successful £1 million launch of its rental business.
Theia Market Signal Identification - AI Assisted
Prior Power Solutions in Great Yarmouth has reported a doubling of sales and equipment rentals of nitrogen pumps over the past year, resulting in a 10% workforce increase. The company supplies nitrogen pumps used in the oil and gas sectors globally, including South America, West Africa, and Australia.
Following a £1 million investment in its rental business, the firm plans to invest an additional £3.3 million to double its rental pump offerings by 2026. The company is attracting interest from energy firms in the Far East, Central Asia, and Eastern Europe.
Comments