25th March 2020
Our priority is to ensure the health and safety of our employees and the wider community. The purpose of this communication is to provide some information on what we are doing as a service provider, employer and a business opearting in multiple countries. Our intention is to give continuity to our services, to protect our staff and to protect the wider community.
We have issued communications to all our emploees on precautionary measures to reduce exposure to the virus (driven by World Health Organisation guidelines) including how to take care of their own health and protect others. We have also indicated on how to stay informed on the local situation and given teh circumstances that exist in the differeing jurisdictions that we operate, regular local communications are taking place as the situation develops.
We have introduced an extension to our Business Continuity Plan to ensure continuity of service to our customers considering the extraordinary circumstances. For employees whose roles require them to come into work (e.g. in labs, on board vessels, etc.) we have segregated into teams at each location working different shift patterns using the continuity of service by other teams. For staff working in the office, we are implementng all measures as stipulated bu national governments and the WHO. As part of our efforts to reduce exposure to the virus, wherever possible our employees are working from home. We have also put restrictions on international travel for our employees.
For more information the usual VPS Transoil points of contact are available to answer any specific customer questions.
Veritas Petroleum Services (VPS), a global fuel testing advisory company owned by IK Investment
Partners (IK VII Fund) has acquired Transoil Laboratory Limited, a transformer and insulating oil testing company based in Manchester, UK. Financial terms of the transaction were not disclosed.