Perth engineering firm targets £20 million

Posted on 08 Jun 2019 and read 587 times
Perth engineering firm targets £20 millionPerth-based Edwards Engineering —a specialist in mechanical, electrical and structural engineering — has outlined plans to increase its turnover to £20 million in the next three years.

The company has customers in the manufacturing, food and drink, agricultural and construction sectors. It was bought from the founding family in August 2016 by investment group Cartalex and has since expanded at a rate of around 20% a year.

Chief executive Ben Carter said Edwards Engineering was eyeing acquisitions as a way to continue its expansion — in particular, companies that can improve the breadth and depth of its technical offering, while extending its geographic reach within the UK (www.edwardsengineering.co.uk).

He said: “When we bought Edwards two and a half years ago, we saw a solid reputation to build upon, with a multi-skilled and committed team.

“We want to steadily grow the business and make selective acquisitions in the engineering sector UK-wide.

“We are looking at businesses that either have succession issues or are non-core to bigger engineering groups, where we can realise significant revenue synergies through further investment and improvements in productivity.”

Edwards currently employs 60 people and has annual sales of around £7.5 million. Key recent projects include the installation of a new furnace building and ancillary equipment at Superglass in Stirling, plus the upgrade of the malthouse at Crisp Maltings’ Port Gordon site.

The company has also provided services for the new grain-processing facilities for Alexander Harleys Seeds, Alexander Inglis & Son and Moray Estates.

Be seen in all the right places!

EMO 2019 TCT Show 2019 TOOLEX 2019 Northern Manufacturing 2019 MTA Hanoi 2019 Advanced Engineering 2019 Metalex 2019 Machine Tool Indonesia 2019 Steelfab 2020 WIN Eurasia 2020 Shenzhen International Machinery Manufacturing MACH 2020 ITM Industry Europe 2020