ENGINEERING group EnerMech is expanding its valves division with the acquisition of Denholm Valvecare (DV).
The company has acquired the UK trade and assets of the valves division of family-owned Denholm Oilfield Services for an undisclosed sum.
EnerMech expects its UK valves business to generate around £7 million in revenue in 2018 following the deal, which will see all DV valves equipment, inventory and an estimated 25 staff transfer to the Aberdeen-headquartered business.
Doug Duguid of EnerMech said: “The opportunity arose to acquire a well-established valves business which will upscale our existing UK valves business and offer economies of scale.
“Denholm Valvecare has a lengthy track record of success and enjoys many positive relationships in the industry. This deal adds value to existing clients of both businesses while giving us a strong platform to grow the service in the years ahead.”
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