Mechanical services solutions provider EnerMech has completed the first of five acquisitions it has planned for the next six months, with the acquisition of Melbourne-based Valve Tech Engineering in a multimillion-pound deal.

EnerMech MD Doug Duguid revealed the company would invest £10-million in its Australian business over the next two years and planned to open bases in Gladstone, Brisbane, in Queensland, and Karratha, in Western Australia, to better service the oil and gas and power industries and its mining clients.
Established over 20 years ago, Valve Tech is both a provider of servicing, engineering, modification and testing and a supplier of valves to the oil and gas, power generation, petrochemicals and refining industries throughout Australia.
EnerMech provides mechanical services to the energy industry, with bases in 15 countries and yearly sales of £140-million.
Valve Tech founder and MD Chris Tabone, will take a new position in the expanded business, heading up EnerMech’s valve offer-ing in Australia.
The deal represents a major expansion of EnerMech’s global valve services, procure-ment and manufacturing network and complements its existing valves supplies and servicing facility in Perth, Western Australia.
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.

“Valve Tech is a strategic fit for our business and gives us significant maintenance and repair capabilities in addition to our existing offering in the region. It strengthens our geo- graphic reach in eastern Australia and intro-duces EnerMech to Valve Tech’s broad client portfolio.

“Our valves business line is key to Ener-Mech’s expansion plans in the Australian energy market and we are really pleased to be working with Tabone and his team. The combined strengths of the businesses give us a strong platform from which to become a major player in the valves supply, repair and overhaul market,” says Duguid.

Tabone adds that the enlarged business, with its greater scale and resources, will provide its clients with innovative turnkey engineering services, solutions and equip-ment, which redefines valves services, supply and asset management within Australia.
The new entity, which will trade as Ener-Mech Valve Tech, expects to announce several contract wins in the first quarter of 2013. The company will also roll out its EnerMech Live valve management system, giving clients full visibility of all their valve assets.