Staff move to Aberdeen firm
Denholm valves boost for EnerMech
David Drysdale and Phil Bentley of EnerMech with Roy Wood of Denholm Valvecare
Engineering company EnerMech is acquiring the UK valves business of Denholm Valvecare for an undisclosed sum.
EnerMech expects its UK valves business to generate around £7m revenue in 2018 following the deal.
It will see all DV valves equipment, inventory and about 25 staff transfer to the Aberdeen-headquartered firm.
EnerMech chief executive Doug Duguid, said: “The opportunity arose to acquire a well-established valves business which will upscale our existing UK valves business and offer economies of scale.
“Denholm Valvecare has a lengthy track record of success and enjoys many positive relationships in the industry. This deal adds value to existing clients of both businesses while giving us a strong platform to grow the service in the years ahead.”
The acquisition will also bolster EnerMech’s UK valves management team with the addition of a number of senior DV staff who are well-respected in the valves services sector.
The deal follows EnerMech’s acquisition last year of maintenance, inspection and integrity specialist Minteg and the purchase of Australian and US-based EPS Group which provides electrical and instrumentation services to major infrastructure and power projects.