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Water Weights International Sa News

21 Nov 2013

EnerMech Sets $452 Million 2014 Sales Target

Valves repair, manufacturing and servicing is one of EnerMech’s six global business lines.

Oil and gas services group EnerMech Ltd. has predicted 2014 turnover will increase to more than £280 million ($452m), a jump of £80 million ($129m) on the current year’s forecast and double the £144 million ($232m) revenue recorded in its 2012 annual accounts. The Aberdeen-based company’s 2012 group accounts showed an £11 million ($17.7m) profit (EBITDA) on revenue which grew 41% from £102 million ($165m), and it expects 2013 EBITDA to break the £20 million ($32m) barrier. The mechanical engineering specialist reported that in the same period its U.K.

27 Mar 2013

EnerMech Secure £16 Million Contract

Les Graves, Director of EnerMech

Mechanical engineering services company, EnerMech, has been awarded a process services contract by BG Group which could be worth up to £16 million. The three year contract (+1 year option) covers all BG Group’s U.K. North Sea assets including the Lomond, North Everest and Armada platforms. The workscope includes the provision of topside process, flange management and nitrogen services and is the first contract EnerMech has secured with BG Group. Aberdeen-based EnerMech said the contract win will create new jobs and take its total workforce to more than 1,400.

21 Dec 2012

EnerMech Weighs Up African Expansion

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.