 "Rolta Announces Acquisition Of Piocon Technologies")
Engineering and IT firm Rolta has announced the acquisition of Piocon Technologies of Chicago, IL, USA. Through this strategic move, Rolta has acquired a unique template-based solution that addresses critical operational needs of refineries in the Oil and Gas sector.
The solution can be scaled to address process improvements in a refinery to achieve downtime reduction, inventory rationalisation, optimisation of crude selection, and improved refinery planning.
This solution can be extended beyond refinery operations to up-stream and down-stream operations in Oil and Gas, and to other industry segments like petrochemicals, mining, power, and especially highly regulated sectors like pharmaceuticals and nuclear power.
The Piocon acquisition is a part of Rolta’s systematic growth plans to provide configurable solutions that address the real challenges faced by industry today.
This acquisition will enable Rolta to not only expand the scope of its services, but also elevate its offerings to address the decision-support needs of the CXO level executives for improving operational efficiencies in the process and power industries.
K K Singh, chairman and CEO, said, “The move to add Piocon’s Operational Excellence and Business Intelligence solutions to our portfolio reflects our commitment to growth through the delivery of higher value solutions for our customers. This acquisition will help Rolta to fulfill a critical and strategic need of the process and power industries at a time when every plant is challenged more than ever before to improve operating efficiencies”.