Chairman Langlands hails £620m sale of Exova as ‘good outcome’
Testing group Exova has agreed to be snapped up Element Materials Technology Group for £620.3million.
Testing group Exova has agreed to be snapped up Element Materials Technology Group for £620.3million.
Global testing, mechanical and materials firm Exova said today it had made “satisfactory progress” in the first 10 months of 2016 in the face of a “soft” oil and gas market.
Exova has strengthened its senior team with the appointment of a new managing director for its Middle East, Asia and Asia Pacific region (MEAAP). Matt Davies joined the company two years ago as finance director with more than 17 years experience working in global companies. His promotion will see him take the position over from Hicham Abdallah who played a critical role in returning the region to growth.
Testing and calibration specialist Exova has been awarded a contract to provide materials qualification testing for Maersk Oil.
Global testing, mechanical and materials firm Exova launched its new laboratory at the ABZ business park in Aberdeen yesterday after a multi-million pound investment. The facility, which provides weld-testing and training services to the oil and gas industry, will become the newly-listed firm’s North Sea hub. The purpose-built testing facility connects a network of 11 specialist laboratories for the industry in the UK, the Netherlands and Italy.