EnerMech's acquisiton of Valve Tech Engineering represents a major expansion of EnerMech's global valve services, procurement and manufacturing network, and it complements the company's existing valves supplies and servicing facility in Perth, Western Australia.
Accordign to Doug Duguid, managing director at EnerMech, the company would invest £10 million (AUD$15 million) in its Australian business over the next two years. EnerMech also plans to open bases in Gladstone, Brisbane and Karratha to better service oil and gas, power industry and mining clients.
Valve Tech's managing director Chris Tabone said that merging with EnerMech enlarges the business and allows them to offer their customers a greater scale of products and resources. "We will provide our clients with innovative turnkey engineering services, solutions and equipment, which redefines valves services, supply and asset management within Australia," said Tabone.
EnerMech views its valves business line as a vital element of its growth strategy in Australia, where it plans to more than double its workforce to 180 in the next 12 months. Also, during the first quarter of 2013, EnerMech plans to announce several major contract and roll out its EnerMech LIVE valve management system, giving clients full visibility of all its valve assets.