Oil and gas services provider XL Group buys flow control firm AMC

Aberdeen technology and engineering firm XL Group has announced the acquisition of Artisan Measurement & Control Limited (AMC).
Wiltshire-based AMC will add expertise, products and services in calibration, measurement, tanker loading, blending, metering systems and instrumentation to XL’s range of services.
Formed in 2002, AMC has a turnover of £4 million and 12 employees. The company specialises in liquid measurement and flow control for refinery and tank farm fuel and LNG products across the UK and Ireland.
Under the deal, which was supported by RBS, AMC will operate as a division of XL Group. Its liquid measurement and flow control services will include in-house flow loop and onsite mobile calibration, metering and testing, and bespoke products.
XL Group was founded in 1993 providing services to the oil and gas sector. It now operates across Europe, South America, North America, Asia, the Middle East and Africa. Last year it acquired Valve4U and OGV and a majority shareholding in the start-up, Integrity XL.
Founder and chief executive Colin Laird, said: “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.
“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.”
Eileen Tocher, Relationship Director for Commercial and Private Banking with Royal Bank of Scotland, said: “This latest acquisition by XL Group underlines the strength of the company’s market position and its aspirations for further growth, which are testament to the innovation and hard work of Colin and the team.”
The consolidated group, which is projected to deliver a turnover of around £20 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 & gas, energy, LNG, decommissioning, manufacturing, distilleries, education, healthcare, utilities.