EnerMech has acquired the trade and assets of Aberdeen Valve Supplies (AVS) in a deal believed to be worth around £1.5 million.
Altens based AVS, LG Ball Valves and Valve Paint Shop supply valves, valve controls and associated equipment and services to the oil, gas and petrochemical industries.
EnerMech recently announced it will invest £2 million in setting up its own valve care division and the acquisition will bolster this business line. AVS has an excellent service reputation, which allied to EnerMech’s international reach will enhance the enlarged division and lead to significant growth.
The exact value of the deal has not been revealed but sees EnerMech acquire the trade and assets of all three companies. All AVS equipment, including a sophisticated valve testing and valve painting and coating facility in Altens, will be relocated to EnerMech’s headquarters in Howes Road, Aberdeen by mid 2011. AVS owners, Gordon Whyte and Sylvia Aitken and more than 20 staff will join EnerMech as part of the acquisition deal.
EnerMech managing director, Doug Duguid, said the deal was an excellent fit for EnerMech and was part of the company’s strategy to expand its service lines by acquisition and organic growth.
Mr Duguid said: “Aberdeen Valve Supplies has a first class reputation for its service quality, has long standing relationship with key clients and maintains a number of important contracts in valve supply and maintenance.
“The subsidiary LG Ball Valves manufactures its own line of ball valves, which fits very well with our existing services and we will continue to use that brand name. With our extensive international infrastructure we can push out AVS’s products and services to new markets and offer clients of both companies a much more focused, one-stop shop service.
“I am delighted to welcome Gordon Whyte and Sylvia Aitken and their staff in to the EnerMech group and look forward to working with them to establish one of the most specialised valve care companies operating in the oil and gas sector.”
Also, you can visit: https://www.abvalve.co.uk/