THE DERITEND GROUP GOES FOR GROWTH WITH ACQUISITION OF GEARBOX SPECIALIST RMB ENGINEERING SERVICES
In a deal concluded on 8th May 2007, national maintenance services provider The Deritend Group acquired gearbox and power transmission specialist RMB Engineering Services. The deal extends the scope of Deritend’s business with additional machining, fabrication and engineering capacity. New service branches in Dundee, Middlesbrough and West Bromwich also increases the group’s geographical coverage.
Since an MBO in March 2001 the intention of The Deritend Group board has been to grow the business; while an initial focus on developing core business areas and achieving growth in new service sectors has resulted in increased profits, acquisition is the next strategic step towards a total maintenance service offering from The Deritend Group.
Richard K. Hale MD The Deritend Group comments,
“This acquisition is part of Deritend’s strategy to enhance its mechanical engineering skills base, underpinning plans to move the Deritend Group further into the provision of onsite engineering solutions supported by world class service centres. RMB strengthens these capabilities particularly in respect to gearboxes, machining, fabrication and distribution. Deritend will continue to search for acquisitions that compliment the Asset Management and Energy Efficiency strategy that drives the company’s growth.”
The new enlarged group is expected to generate new job opportunities for skilled machinists, fabricators, mechanical fitters and maintenance personnel at all levels. The existing management team will remain in place at RMB, continuing to apply their experience and skills to the business. Existing RMB customers will now have access to the entire Deritend Group resource.
Ian Davis The Deritend Group Sales Director adds,
“It is a well used phrase, but there is a tremendous synergy between the two businesses that will strengthen The Deritend Group as a whole; the 24/7 service philosophy will remain, covering electrical and electromechanical equipment with contracted minimum response times and overnight repairs also available.”
Deritend employs sophisticated maintenance management software that can be used to list and provide visibility of assets, schedule and plan maintenance procedure and order Deritend services online. Designed specifically to control both costs and downtime, these tools are available to all our customers and are likely to have a very positive impact on existing RMB customers, increasing both plant reliability and profitability. Deritend customers will also benefit from an increased depth of service and added experience as a result of the new staff and facilities within the group.
Ray Brady, the MD of RMB Engineering provides the final comment,
“We have created a maintenance and production departments dream; a total one-stop engineering service that can deliver quality and value in a very competitive market place. We are delighted with this joining of two highly respected Midlands engineering companies. Our capacity for quality mechanical engineering services will certainly enhance the national Deritend service offered.”
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For further information contact: Helen Holman, Marketing Manager, The Deritend Group Ltd, Cyprus Street Off Upper Villiers Street, Wolverhampton, West Midlands WV2 4PB Tel: 01902 – 392315 E-mail: hholman@deritend.co.uk WEB: www.deritend.co.uk
Issued by, and electronic versions available from:
Bob Dobson, BDL Matrix Marketing, High Bank, River, Petworth GU28 9AX
Tel 01798 861677 email: bdl.studio@virgin.net www.bobdobson.com