Exova Group plc, the leading
international provider of technically demanding testing services, has acquired
Metallurgical Services Private Limited (”Metallurgical Services”) of Mumbai,
India.
The move will extend the company’s
geographical reach into India and support the expansion of its offering to
customers in emerging Asian markets.
Metallurgical Services has a
market-leading position in the provision of specialist metallurgical testing to
customers in high growth sectors including oil & gas, industrials and
infrastructure in India. Its customers will now benefit from access to
Exova’s global network of specialists in technically demanding services
including corrosion, coatings and Engineering Critical Assessment.
Demand for specialist testing in
the Indian subcontinent is anticipated to grow as a result of significant
industrial and infrastructure investment, expansion of global manufacturing
operations and increased regulatory requirements.
Hicham Abdallah, Managing Director
for Exova in Middle East and Asia Pacific, said: “As an emerging market, the
Indian subcontinent is forecasting significant industrial growth.
Metallurgical Services has established an enviable market reputation which,
combined with Exova’s technical capabilities and operational infrastructure,
means we are well placed to capitalise on this growth.”
Ian El-Mokadem, Chief Executive
Officer of Exova Group plc, added: “This is our sixth acquisition within the
past year and underlines our strategy of growing our global footprint and
extending our services through strategic acquisitions in the customer sectors
we serve from our facilities in 23 countries
worldwide.”
Founded in 1964, Metallurgical
Services is located in Mumbai at the heart of India’s oil & gas hub and
employs 130 specialists who support over 3,500 customers mainly throughout the
western region. The company will now operate under the Exova
Metallurgical Services brand.
For more information contact: Exova,
www.exova.com