Mechanical services specialist EnerMech has acquired hydraulic engineering company Norson for $16.8 million.
Offshore staff
ABERDEEN , UK -- Mechanical services specialist EnerMech has acquired hydraulic engineering company Norson for $16.8 million.
Norson, founded in 1974 provides hydraulic pipework installation and designs and manufactures hydraulic equipment for the oil, gas, and marine industries. The company employs 90 staff in Aberdeen and Houston, and last year posted revenues of £14 million ($21.3 million).
EnerMech believes Norson will complement its own services which include cranes and lifting equipment, hydraulics, equipment rental and training services to the offshore oil and gas sector. EnerMech plans to invest a further £2 million ($3 million) in taking Norson’s hydraulic services to EnerMech bases in Dubai; Singapore; West Africa; and Perth, Australia.
