ENERMECH has spent around £4 million to snap up businesses in the United States and South Africa.
The Aberdeen oil and gas engineering company said the deals are expected to add around £25m of revenue over the next three years. In the US EnerMech has taken on Louisiana-based crane inspection and maintenance firm Diversified Oil Field Service Inc and more than 20 staff. The Scottish firm said that will help it to increase its crane presence in the US as well as provide a platform to target the likes of Mexico, Trinidad, Venezuela and Brazil. A plan to open a second Louisiana base, probably at Lafayette, to target Gulf of Mexico operations is being considered. In a separate transaction safety valve firm CVT, which has its main base in Cape Town, has also been acquired. EnerMech says that deal forms part of its £20m plan to build up operations across Africa which has included buying load testing and crane business Water Weights International as well as setting up in Nigeria, Ghana, Angola and Mozambique. EnerMech chief executive Doug Duguid said: "Both acquisitions will extend our service provision in the US and Africa which are both extremely important regions for our future growth. "At the same time, adding Diversified and CVT to our portfolio gives us an excellent platform to introduce our other services to their respective client bases.
"Both businesses are profitable and highly respected in their sectors and combined with EnerMech's more developed infrastructure and fiscal strength, they will be key building blocks as we expand our cranes and lifting services in the Americas and our valves operations and across sub-Saharan Africa."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article