Diversification puts EnerMech on target

Posted on 29 Dec 2017 and read 612 times
Diversification puts EnerMech on target After seeing its revenues rise by almost £10 million in 2016 (to £263.7 million), Aberdeen-based EnerMech (www.enermech.com), which provides integrated mechanical, electrical and instrumentation solutions, is forecasting that its 2017 trading figures will increase by nearly £100 million (to around £360 million).

The company employs 3,000 people at 40 locations around the world. The acquisition in January of electrical and instrumentation specialist EPS, which has a presence in Australia and the USA, has expanded the company’s capability beyond its original mechanical focus and given it access to large-scale infrastructure projects — and to the metals and utility sectors.

EnerMech CEO Doug Duguid said: “We remain focused on increasing our presence in international markets and strengthening our reputation in our core energy sectors, while building on the significant inroads we have made into other important markets, such as infrastructure and utilities.

“We have focused on developing fresh ways of working and introduced innovative new business models for clients who are seeking a different approach in light of the changed oil and gas environment.

"Prudent cost savings, a strategic expansion into new sectors, and carefully targeted acquisitions underpin what is an encouraging set of financial results.”

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