AES acquires AV Technology

Takeover: Seated, from left, AVT sales director John Chappell, AES managing director Chris Rea and AVTmanaging director Steve Mottershead; standing from left, Ian Wallace, Managing Director of AESPUMP and AES group finance director John Caldwell
Takeover: Seated, from left, AVT sales director John Chappell, AES managing director Chris Rea and AVTmanaging director Steve Mottershead; standing from left, Ian Wallace, Managing Director of AESPUMP and AES group finance director John Caldwell
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Global seals group AES Engineering is moving into plant reliability and maintenance after acquiring leading service and engineering consultancy AV Technology.

Rotherham-based AES, which trades under the AESSEAL name, is the fourth largest developer and manufacturer of mechanical seals in the world.

It operates from 77 sites in 37 countries, employs 1,555 people worldwide, with 650 based in the UK, and generates sales in more than 100 countries which are expected to exceed £150 million this year – up from £104 million in 2010.

AV Technology – also known as AVT – was founded in 1976 and is a specialist provider of plant availability and reliability, maintenance management and training, energy optimisation and facilities, noise and vibration consultancy services.

It has 90 staff, has grown by over 20 per cent year on year since 2005 and has a turnover of £6 million.

Following its acquisition by AES for an undisclosed sum, it will continue to operate under the AVT brand, led by managing director Steve Mottershead and group sales director John Chappell.

AES group managing director Chris Rea said: “The AES Group puts customers and the service we give them at the heart of our business.

“Our customers are almost always manufacturing companies who use rotating equipment and our group is dedicated to the provision of products and services to improve reliability. We consider the acquisition of AVT to be of huge strategic importance to our group as it will greatly enhance the service we can give to any business that runs a manufacturing process.”

Steve Mottershead, from AVT, added: “In the last seven years we haven’t lost a client and have grown in all parts of our business.

“AV Technology has become a force to be reckoned with in the UK and we want to replicate that success elsewhere in the world. We believe that AES’s finance strength, international footprint and enviable reputation for quality products, people and services will provide the platform to capitalise on these opportunities.”