EnerMech Makes £10 Million Australian and U.K. Acquisitions

MarineLink.com
Tuesday, July 23, 2013
EnerMech finance director Michael Buchan (left) with Vicon Services managing director Niall Conlon, outside Vicon's new Perth base which is under construction.

Oil and gas engineering company EnerMech snapped up Australian industrial sector firm Vicon Services and U.K-based pump equipment specialist Total Reclaim Systems Ltd., in deals worth a combined £10 million.

The Aberdeen-based mechanical engineering group will introduce new business lines and significantly strengthen its presence in the multi-billion dollar Australian energy sector through the Vicon deal. The acquisition of Total Reclaim Systems (TRS) increases the range of services EnerMech can provide to the drilling sector.

With more than 100 staff across another five Australian locations, Vicon is led by Niall Conlon and last year it had turnover in excess of £12 million (AUD $20 million.)

Vicon provides engineering services including high pressure water-jetting, heat exchanger services, coating systems and chemical services, which are well aligned with EnerMech’s six existing business lines.

It is EnerMech’s second Australian acquisition this year, following the January purchase of Melbourne-based Valve Tech Engineering, which provides valves services to the oil and gas, power, petrochemical and refining industries.

Great Yarmouth and Aberdeen-based Total Reclaim Systems (TRS) provides mud pit and tank cleaning services for offshore oil rigs and production platforms. Its technology reduces the volume of waste fluids created, reduces manual handling and minimises risk by reducing the number of personnel involved in cleaning operations.

The acquisition will allow EnerMech’s Drilling Support Services division to increase the range of services it offers clients, while TRS will boost its international exposure through access to EnerMech’s 25 global locations.

TRS will continue to operate from its Admiralty Road base in Great Yarmouth and all 10 staff has transferred to EnerMech, including Richard Martin who will work as senior consultant and managing partner, Bill Skene, who will continue to operate out of Aberdeen.

 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Rosneft and NADL Sign Exchange of Assets Deal

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.

Norman Murray, Petrofac Chairman Quits

Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

Contracts

Rosneft and NADL Sign Exchange of Assets Deal

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.

YPF Oil Extends Operating Agreement with Sinopec to 2027

Argentina's state oil company YPF agreed Friday to extend its operation until 2027 in partnership with a local unit of China's Sinopec oil in an area of ​​a

Scottish Sea Farms Orders Newbuilds

Macduff Shipyards Ltd. has received a contract worth more than £3.3 million pounds from Scottish Sea Farms for the design and build of four 19.8-meter 150T steel

Energy

Japanese Technology Helps Farmers to Changes in Climate

The Japanese technology firms are using their experience in saving energy and in cloud technology to help farmers cope with changes in climate, cheaper imports and declining labor.

Sinopec's Profit up at 32.5 billion yuan in 1H, 2014

Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.

Kuwait to Boost Oil Exports to China

Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said Saturday.

Marine Equipment

Polynesian Shipping Sold to Neptune Pacific Line

The Board of Polynesian Shipping Line Limited, Apia informed   that the business and the Company’s associated investments have been sold to Neptune Pacific Line Limited.

EBDG Completes Repower of COLUMBIA

Elliott Bay Design Group (EBDG), a leading naval architecture and marine engineering firm with offices in Seattle, New Orleans and Ketchikan, Alaska today announced

Mexican Navy Delegation Visits NSSA

The U.S. Navy reported that its Norfolk Ship Support Activity (NSSA) welcomed the Mexican Navy Delegation to Building CEP-200, Naval Station Norfolk, Aug. 21 for

Mergers & Acquisitions

Mexican Alfa Tie-up with Pemex for Onshore Exploration

Mexican conglomerate Alfa He is interested in participating in association with the state oil company Pemex Exploration Projects in fields on earth, aunque también

Polynesian Shipping Sold to Neptune Pacific Line

The Board of Polynesian Shipping Line Limited, Apia informed   that the business and the Company’s associated investments have been sold to Neptune Pacific Line Limited.

CEVA Expands Presence in Los Angeles Market

CEVA Logistics, one of the world’s leading supply chain management companies, today announced the expansion of its Los Angeles (LAX)/Torrance freight management operation.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4004 sec (2 req/sec)