XL Group Acquires AMC
Aberdeen based technology and engineering company XL Group announced on Monday it has acquired Artisan Measurement & Control Limited (AMC) in a move to add expertise, products and services in calibration, measurement, tanker loading, blending, metering systems and instrumentation to its growing list of integrated engineering services.
Formed in 2002, Wiltshire-based AMC has an annual turnover of £4 million ($5.2 million) and 12 employees. Under the deal, which was supported by the Royal Bank of Scotland (RBS), AMC will operate as a division of XL Group, providing liquid measurement and flow control services, including in-house flow loop and onsite mobile calibration, metering and testing along with bespoke products.
“AMC’s products and services have a real synergy with our existing portfolio, particularly our divisions in automation, safety systems, flow assurance, metering and data acquisition for the oil and gas and utility sectors. This, coupled with their geographical reach and customer, base will allow us to offer an enhanced and complementary range, said Colin Laird, XL Group founder and chief executive.
“When added to our services, AMC’s calibration facility for metering, along with an accumulated 80 years’ experience, make us a more complete solutions provider.
“We are continuing to invest in people and products that enable us to solve even the most complex industrial challenges. This acquisition will accelerate our growth through innovative products and applications which deliver improvements, efficiency and compliance for our clients.”
Initially founded in 1993, XL Group now comprises nine divisions. Recent transactions include the acquisition and successful integration of Valve4U and OGV, along with a significant investment in the majority shareholding of the start-up, Integrity XL, in 2018.
Built on strong oil and gas industry foundations, the group’s roots are in process automation and telecommunications.
The consolidated group, which is projected to deliver a turnover of around £20 million ($26.1 million) this year and employs 95 people in five locations, brings together a wealth of knowledge, expertise and technology to deliver efficiency, performance and safety through turnkey solutions for oil and gas, energy, liquefied natural gas (LNG), decommissioning, manufacturing, distilleries, education, healthcare and utilities.