EnerMech acquires CVT in South Africa
Mechanical engineering specialist, EnerMech, has taken another step in its expansion in to the African oil and gas sector with the acquisition of Cape Town-based Control Valve Technology (CVT).
CVT services, refurbishes and sells control and safety valves used in energy, mining and petrochemical industries. The CVT acquisition is part of a three-year GBP 20M investment programme in establishing a strong infrastructure in Africa. This included the acquisition of cranes and load-testing business Water Weights International, establishing a presence in Nigeria, Ghana and Angola a trading entity in Mozambique and the opening of new regional headquarters and workshop facilities in Cape Town, close to the main container terminal in Paarden Eiland. CVT's 19 staff and owner Stephen David will transfer to EnerMech and he will lead EnerMech's valves operations in Africa, alongside newly appointed Regional Director Jean François Roche, who joined EnerMech in February and is a former managing director of Société Générale de Surveillance in Algeria.
The deal gives EnerMech access to a facility to support offshore rig repair work at Saldanha Bay in the Western Cape and the company said the new partnership would allow the introduction of other service lines to CVT's existing client base.