A leading Aberdeen-based torque machine specialist has welcomed ten additional members of staff to the team, thanks to a key and strategic acquisition.
Ambitious multi award-winning EnerQuip has announced the purchase of Fife sub-contract precision machining company Diamac Engineering for an undisclosed sum.
Diamac Engineering was established in 1997 and offers a broad scope of services, including turning, milling, grinding, cutting, cleaning and inspection equipment. The Cowdenbeath company’s addition to the EnerQuip portfolio is a significant move, bringing machining capability for the group in-house and opening up diversification opportunities thanks to Diamac’s established reputation across a range of sectors.
It is anticipated that the acquisition will spark further growth in staff numbers, with four new positions likely to be created in the next six months as EnerQuip’s growth plans continue apace, in both domestic and international markets.
The latest acquisition is EnerQuip’s second in recent months and follows the earlier purchase of the AMC product line from Forum Energy Technologies, also for an undisclosed sum. The move saw EnerQuip take ownership of the intellectual property, people, and assets in a move to consolidate its market position.
Meanwhile an ongoing drive to further grow the company’s global presence, included the recent establishing of a permanent presence in Australia with further advancement likely to be announced before the end of the year.
Commenting on the deal, EnerQuip managing director, Andrew Robins said: “The acquisition of Diamac Engineering Lallows us to enhance and refine our existing service offering by taking control of another key element of the manufacturing process.
“Diamac’s well-established reputation in other sectors is something we look forward to exploring in parallel with consolidating our position in traditional marketplaces as we look optimistically towards future sustainability and diversification.”
For more information visit www.EnerQuipTorque.com
