Record year for EnerQuip with revenues over £20 million
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An Aberdeenshire-based oilfield equipment firm with premises in Caithness has reported a record year in which revenues exceeded £20 million.
Award-winning torque specialist EnerQuip saw capital equipment sales topping £14 million and sales and servicing business accounting for £7m as it took 96 per cent of its total business to international markets.
EnerQuip employs 110 people across its global operations, including UK bases near Aberdeen and at Smerlie, Lybster. That is expected to rise by up to 15 per cent in 2024 as additional staff are recruited.
The company says it will aim to harness the potential of its recently expanded global HQ at Findon while seeking to relocate to larger premises in Houston and establishing a permanent presence in the Middle East.
Some £750,000 has been ploughed into activities in the Middle East including the recent opening of a facility in Abu Dhabi and the imminent move of EnerQuip's global head of sales, Darren Bragg, to oversee operations as regional general manager.
Mr Bragg said: “Our innovative Mobile Torque Unit continues to form the centrepiece of our growing portfolio. When technology of this calibre is backed by the quality of people we have on our growing team, the result speaks for itself.”
EnerQuip managing director Andrew Robins said: “By working hard to maximise growth in key locations we have been able to capitalise on fulfilling pent-up demand for equipment post-pandemic, enabling our business to flourish and record our best year so far.”
Launched in Aberdeen in 2015, EnerQuip is a market-leading specialist in the design, manufacture, installation and maintenance of torque machines and associated products.
