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 July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Long Beach Port Celebrates Environmental Successes

Shipping lines, environmental organizations, trucking companies, terminal operators and a railroad were honored today, July 29, by Long Beach Mayor Dr. Robert

NAO Expedition to Study Walruses

From Naryan-Mar complex expedition started "Investigation Atlantic walrus habitat" for the study of animal southeastern Barents Sea. The expedition of seven

Rolls-Royce Takes Davies on Board

Rolls-Royce today announces the appointment of Alan Davies as a Non-Executive Director. He will join the Board with effect from 1 November 2015 and will become

Offshore

MOL Wins Eco Awards in California

Mitsui O.S.K. Lines, Ltd. earned recognition from the ports of both Los Angeles and Long Beach, California, today, for its efforts to ensure compliance with

Mexico to Postpone Deep Water Auction

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production

Oregon Bridge Danglers Hope to Delay Shell's Arctic Drilling

Protestors rappelled off a bridge in Portland, Oregon on Wednesday hoping to delay Royal Dutch Shell's Arctic oil exploration this summer by blocking the return

Finance

WGMA Urges Participation in Menhaden Survey

The West Gulf Maritime Association (WGMA) is urging its members with ships arriving at any port in the western US Gulf to participate in the Menhaden survey.

ExxonMobil 3Q Dividend Unchanged

The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of 73 cents per share on the Common Stock, payable on September 10, 2015 to

South Korea Okays Casinos on Cruise Ships

South Korea has given the go-ahead for cruise ships to operate onboard casinos for foreign guests, , reports the Korea Joongang Daily newspaper.   South Korean

Energy

Rolls-Royce Takes Davies on Board

Rolls-Royce today announces the appointment of Alan Davies as a Non-Executive Director. He will join the Board with effect from 1 November 2015 and will become

MOL Wins Eco Awards in California

Mitsui O.S.K. Lines, Ltd. earned recognition from the ports of both Los Angeles and Long Beach, California, today, for its efforts to ensure compliance with

WGMA Urges Participation in Menhaden Survey

The West Gulf Maritime Association (WGMA) is urging its members with ships arriving at any port in the western US Gulf to participate in the Menhaden survey.

Fuels & Lubes

Côte D’Ivoire Invests in O&G Safety Training

Thegrowth in oil and gas activity in Côte D’Ivoire has seen investment in standardized safety training in the region far outstrip that of other hydrocarbon-rich West African countries,

Diesel Spill in Houston Ship Channel

A small section of the Upper Houston Ship Channel was closed Tuesday morning after a report of 1,000 gallons of diesel entered Greens Bayou from a cement facility, the U.

Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to

Marine Equipment

Korean Registry Okays Transas ECDIS

Transas, one of the world's leading providers of integrated navigation solutions, received ECDIS type-approval from the Korean Registry (Korea Marine Equipment Research Institute),

MOL Wins Eco Awards in California

Mitsui O.S.K. Lines, Ltd. earned recognition from the ports of both Los Angeles and Long Beach, California, today, for its efforts to ensure compliance with

WGMA Urges Participation in Menhaden Survey

The West Gulf Maritime Association (WGMA) is urging its members with ships arriving at any port in the western US Gulf to participate in the Menhaden survey.

Maritime Safety

Navy to Commission Submarine John Warner

The Navy will commission its newest fast attack submarine, the future USS John Warner (SSN 785), during a 10 a.m. EDT ceremony Saturday, Aug. 1, 2015, at Naval Station Norfolk,

CSG8 Holds Change of Command Ceremony

Rear Adm. Robert  Burke turned over command of Submarine Group EIGHT (CSG8) to Rear Adm. Daryl Caudle, during a change of command ceremony at Naval Support Activity Naples, July 29, 2015.

Four Rescued from Boat Fire in California

U.S. Coast Guard and firefighter crews helped rescue four people from a boat fire Tuesday afternoon in Alameda, Calif.   Coast Guard Sector San Francisco Command

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.3986 sec (3 req/sec)