Industrial Control Services bought out

Industrial Control Services, a safety engineering group, has been bought out in a bid backed by venture capital group Alchemy Partners. The company had been hit by a downturn in orders from the oil industry, and was on the verge of becoming insolvent.

Industrial Control Services, a safety engineering group, has been bought out in a bid backed by venture capital group Alchemy Partners. The company had been hit by a downturn in orders from the oil industry, and was on the verge of becoming insolvent.