A leading Aberdeenshire-based torque machine specialist has announced significant uplevelling of its Scottish fabrication capacity thanks to a key acquisition and planned £1million investment.
EnerQuip has acquired the fabrication division of Hutcheon Services, Aberdeen, for an undisclosed sum in a move which will see eight existing members of staff transfer to EnerQuip’s global headquarters at Findon.
The fabrication division’s assets and work-in-progress will also move to EnerQuip and the deal will also represent something of a “homecoming” for a radiation source transportation shipping container which began life as the brainchild of EnerQuip forerunner, AMC Engineering Ltd.
The latest purchase is seen as spearheading an important increase in capacity at a time when there is a significant uptick in demand for EnerQuip’s market-leading products across the world, and plans to invest another £1million will further enhance the UK-based fabrication offering.
In 2024, 100% of EnerQuip’s capital investment projects came from overseas markets, with Europe and the Middle East accounting for 50% of the overall total. Last year also saw the company sell its highest ever number of units to Guyana and Brazil with these growing markets likely to put revenues for EnerQuip Group over £22million for 2024, as they continue on course towards achieving the £25million by 2025 goal.
The latest addition takes EnerQuip back on the acquisition trail where previous deals have included securing the AMC product line from Forum Energy Technologies, and the purchase of Fife sub-contract precision machining company Diamac Engineering Ltd. More recently, an expanded presence in Houston, Texas was achieved thanks to a move to a 6,000sq ft purpose building in the North-east of the city, taking the team strategically closer to several key regional customers.
Commenting on the deal to buy the fabrication division of Hutcheon Services, EnerQuip Ltd managing director, Andrew Robins said: “The well-established reputation of Hutcheon Services’ fabrication division is important in augmenting our ability to present a growing customer base with a safe, capable and respected pair of hands to take care of their project needs, from start to finish.
“The additional capacity which this deal creates, and the skills of the personnel we welcome to the EnerQuip team, will be crucial in helping us to further expand our corporate horizons from a foundation of optimism, sustainability and diversification.”
Commenting on the deal Hutcheon Services’ managing director, Gary Campbell said: “The sale of the division was a key element of a business strategy to allow focus on the development and expansion of the main core divisions of the company namely electrical, mechanical and network services.
“The sale to such a reputable and flourishing company as Enerquip was the perfect fit and solution for both companies.”
EnerQuip Ltd specialises in the design, manufacture, installation and maintenance of torque machines and associated products, including bucking units and fully rotational makeup and breakout torque machines which can be adapted to suit any application.
International hubs in Houston and Abu Dhabi work in parallel with the company’s global headquarters in Aberdeen and additional premises in Caithness to deliver products and services to a growing client base in the likes of Africa, North and South America, Canada, Europe, Far East, Australia, and the Middle East, as well as the UK.
To find out more, call +44 (0) 1224 608628 email Sales@EnerQuipTorque.com or visit www.EnerQuipTorque.com