A SCOTTISH measurement and instrumentation product specialist has acquired a Manchester company in a deal that will boost its annual turnover to more than £10 million.
Glasgow-based JWF Process Solutions noted it was gaining a “UK-wide operational footprint” with the acquisition of flow-measurement specialist Stream Measurement.
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JWF, which was founded in 1962 and has UK and international customers across the oil and gas, food and beverage, and chemical and petrochemical sectors, said it was on track for revenue of more than £8m in its current financial year to December 31.
Its client base includes Repsol, Chrysaor, Apache, Nestle, Diageo, Macallan, Ineos, Petroineos and Babcock International.
Stream Measurement, established in 1999 through a management buy-out from global oil services giant Schlumberger, serves the utility, energy, automotive, food and beverage, and pharmaceuticals sectors. Its major customers include National Grid, Centrica, Phoenix Gas, Thames Water, Greencore, BMW and AstraZeneca.
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The headcount of the enlarged business will be 37.
JWF, which also has operational bases in Aberdeen and Teesside, offers solutions including instrumentation, metering, flow surveys, commissioning, and calibration.
Chief executive Kenneth Fairbairn said: “The acquisition of Stream Measurement gives us added strength in existing and new industry sectors.”
JWF managing director Robert Allan said: “The markets we work in are going through a period of transformational change. Oil and gas in the UK is seeing a number of mergers and acquisitions and the energy and utility markets are continuing to expand due to their requirements for increased levels of specialist metering support.”
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