EnerMech Weighs Up African Expansion

Press Release
Friday, December 21, 2012
EnerMech acquisition Water Weights International specialize in proof load testing of cranes and lifting equipment.

EnerMech Ltd has stepped up its presence in the African oil and gas sector with the £3 million (43 million Rand) acquisition of heavy load testing company Water Weights International SA (Pty) Ltd.
 

The mechanical engineering group will use Water Weights International’s (WWI) strategic relationships to accelerate growth of its main business lines in South Africa and in key East and West African countries.


EnerMech will invest up to £20 million (284 million Rand) in its African operations over the next three years and expects its workforce to grow to 250 in the same period.


Cape Town-based WWI specializes in the proof load testing of cranes, lifting equipment and structures, and serves the marine, shipping, engineering, industrial and offshore sectors. Its water-filled proof load bags are viewed as a more economical and safer method of load testing than traditional solid weight forms of testing.


The deal is not connected to UK based Water Weights Ltd, which was formed in Aberdeen in 1979, and for whom WWI has acted as representatives in Cape Province for almost 30 years.


The new entity will be known as EnerMech Water Weights SA (Pty) Ltd and WWI managing director Neil Scheibe, will remain in post, ensuring continuity of business relationships and service. Twenty five staff will transfer to the new company which will relocate to larger premises near to Cape Town’s main container terminal in Paarden Eiland.


EnerMech managing director, Doug Duguid, said the deal was a perfect fit with the company’s existing cranes and lifting division, and would provide a platform for swift expansion across the African continent.

The Aberdeen-headquartered group already has a base in Ghana and has completed or is currently engaged in projects in South Africa, Nigeria, Angola, Gabon, Democratic Republic of Congo and Equatorial Guinea. Expansion will follow in Namibia, Mozambique, Kenya, Tanzania and Uganda.

Mr Duguid said: “We have been looking for some time for a suitable partner in Africa and Water Weights International fits the bill perfectly. Not only do its superb products strongly align with our own, but it has excellent relationships with key players across a number of African countries which will benefit the new business.


“In light of the large number of significant oil and gas discoveries in West and East Africa, we believe there will be many opportunities to introduce and establish our business lines, including cranes and lifting, valves, hydraulics, process, pipeline and umbilicals, equipment rental and training services.


Using Cape Town as a hub, we will invest up to £20 million (284 million Rand) over the next three years to firmly establish EnerMech’s six main business lines and to strengthen Water Weights International’s services and products in West and East Africa. We believe this will add £50 million (710.6 million Rand) to our global revenue and expect our workforce in Africa to grow to 250 by 2015.


“Our policy is to establish a strong infrastructure in each geographic location we operate in and we already have committed £5 million (71.6 million Rand) worth of new equipment which will soon be shipped to Cape Town. Existing clients who are moving in to Africa can expect the same level of service and rapid response we offer in other oil and gas producing regions.”


Neil Scheibe said: “The deal represents a great opportunity for Water Weights International to grow our business and the excellent fit with EnerMech will create a wealth of opportunities for our staff.”

 

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

People & Company News

Sea Star Line: Equipment Replacement Plan on Track

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’

October Imports up 9% at Port of Oakland

Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months.

Atteridge Retires from Furuno USA

After 30 years of service to Furuno USA, Inc., Jim Atteridge is retiring as President and assuming a new role, as Director and Corporate Advisor. Effective December 1,

Offshore

China Building Island Big Enough for Airstrip

Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea,

Update: Explosion in the Gulf of Mexico

An explosion occurred aboard a production platform Thursday at West Delta 105, operated by Fieldwood Energy, resulting in one fatality and three injured. The Bureau

Deepwater Semi-Sub COSL Prospector Delivered

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province.

Finance

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

Belgian Strike to Impact Antwerp Port

A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger over

Energy

Venezuela Ships First Crude Mixed with Algerian Oil to China

Venezuela is sending its first shipment of crude mixed with Algerian light oil to China, according to state oil company PDVSA and traders.   Venezuela recently

Update: Explosion in the Gulf of Mexico

An explosion occurred aboard a production platform Thursday at West Delta 105, operated by Fieldwood Energy, resulting in one fatality and three injured. The Bureau

New Tidal Wave Energy Device Completes Sea Trials

In the continuing quest to harvest efficient, renewable energy from the power of the world’s tides, an organization called Sustainable Marine Energy’s announced

Fuels & Lubes

Environmental Groups: IMO Polar Code Too Weak

The International Maritime Organization (IMO) today adopted the Polar Code aimed at regulating shipping in Polar Regions. Several environmental groups have criticized

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

Belgian Strike to Impact Antwerp Port

A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger over

Marine Equipment

Sea Star Line: Equipment Replacement Plan on Track

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’

Deepwater Semi-Sub COSL Prospector Delivered

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province.

Trelleborg Invests in High-Speed Fender Test Rig

Trelleborg’s marine operation is in the process of building and installing a custom-made high-speed test rig, capable of testing both rubber and foam fenders.   The

Maritime Safety

IMO Steps Up Safety in Polar Waters

United Nations’ International Maritime Organization (IMO) has adopted global, binding regulations to enhance safety of navigation in polar waters. After several years’ intense negotiations,

DGS Marine Advises Fixed Premium P&I Cover

DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefits

BSEE Responds to Explosion in Gulf of Mexico

The Bureau of Safety and Environmental Enforcement (BSEE) is responding to an explosion at West Delta 105 in the Gulf of Mexico, approximately 12 miles off the coast of New Orleans.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction 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: 0.3300 sec (3 req/sec)