ENERMECH has extended the capability of its Valves Care Division with a number of key appointments and investment in facilities and equipment totalling £3.5 million.
The mechanical engineering specialist is also looking at several potential acquisitions which will enlarge its operational footprint in the Middle East, Asia and Australia.
Bob Stephen has been appointed general manager for EnerMech’s UK valves operations and joins from Wood Group where he was engineering and choke valve manager and had global responsibility for the company’s choke valve product line.
Other appointments include Iain Stewart as production manager and Andrew Whyte as workshop supervisor. Tim Milne has been promoted to the role of international sales manager, while Bruce Campbell , who spent 20 years with valves specialist Score, now heads up EnerMech’s valves business in Australia.
The £3.5 million investment follows the acquisition of Aberdeen Valves Supplied Ltd and subsidiary LG Ball Valves Ltd in December 2010 and includes building a new valve workshop and warehouse at EnerMech’s Aberdeen headquarters. The enlarged premises includes a state-of-the art test bay, featuring a remote access HD system which can be used by clients to watch live testing of valves from any location, facilities for gas, cryongenic and pressure safety valve testing and a large humidity controlled storage area.
In-house design, machining and testing capabilities mean ball valves can be delivered within a 16-18 week window while a Fast Track service can cut delivery times to 6-8 weeks when required.
EnerMech managing director, Doug Duguid, said: “Our Valves Care division will greatly benefit from this significant capital expenditure and the recruitment of high calibre personnel who have a wealth of experience in valve design, production and testing.
“We have a blueprint in place in Aberdeen to provide a level of valve care which is unrivalled in the current marketplace. Our objective is to roll that out to the major oil and gas hubs in which we operate and we will do that by a combination of organic growth and selective acquisitions, and we have identified a number of potential acquisitions which fit this strategy.
“Bob Stephen’s appointment as valves general manger gives us a tried and tested leader whose experience can guide the Valve Care division in to new markets and add considerable growth to our revenues. The other appointments and promotions will ensure the success of our UK valves business is mirrored in international markets.”
Note to Editors
EnerMech Ltd was formed in April 2008 and offers a safer, more customer-focused, responsive service with lower costs in the mechanical services sector within the energy industry, while delivering a much greater level of engineering and technical support than competitors can offer.
The company specialises in the supply, maintenance and engineering of cranes, lifting, valves and hydraulic equipment, equipment rental and the provision of training and specialist personnel to the energy industry.
With the acquisition of Specialist Maintenance Services Ltd and A1 Safety Training Consultants Ltd, EnerMech is now a leading international provider of offshore crane and lifting operations, crane personnel and safety training. EnerMech also has a significant presence in Norway following the acquisition of Bjørge ASA’s crane division in October 2008.
In April 2009 EnerMech extended its presence in the Middle East with the acquisition of UAE free zone companies Pavitt Energy Limited and Scotia Oilfield Trading FZE which has since been integrated in to the EnerMech group. Investment totaling £5.1 million ($7.5M) has been made in equipment stock rental, improvements at our bases in Ras al-Khaimah and Doha, and plans have been drawn up to build a new £3 million facility in Jebil Ali, Dubai which will be ready in 2012.
In April 2010 EnerMech acquired Aberdeen based hydraulic engineering specialist Norson Power in an £11 million deal. Norson Power provides hydraulic pipework installation and designs and manufactures hydraulic equipment for the oil, gas and marine industries.
EnerMech recently agreed a £24 million funding package with Lloyds Banking Group and, together with private equity provided by Lime Rock Partners and shareholder finance, has in place £40 million to support organic growth and further acquisitions.
In August 2010 EnerMech invested £4 million to acquire its 16 acre headquarter site in Aberdeen. A further £840,000 is being spent on refurbishments and the construction of new workshops, while another £2 million has been invested in setting up a new Valve Care division which will target the valve supply, testing, inspection and maintenance sector. In December 2010 EnerMech acquired Aberdeen Valve Supplies Ltd and its subsidiaries LG Ball Valves Ltd and Valve Paint Shop Ltd.
EnerMech employs 1000 staff at its Aberdeen headquarters and bases in Great Yarmouth, Stavanger, Dubai, Qatar, Ras al-Khaimah, Singapore, Indonesia, China, Ghana, South Africa and Perth, Australia.
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