Aberdeen, UK-based integrated service provider Integrity XL is eyeing business expansion after the company invested £1 million (€1.2 million) in the purchase of two liquid nitrogen pumps.
The pumps, which were procured from Prior Diesel, will be used in shutdown and maintenance services offered by Integrity XL, and will be used to purge and pressure test pipework and pipeline systems.
The acquisition of the pumps was part-funded by a loan worth £350,000 (€413,327) from the Scottish Loan Scheme (SLS), part of the Scottish Government’s Scottish Growth Scheme, which is administered by the Scottish Investment Bank.
According to Integrity XL, the pumps will ‘open the door’ to more shutdown and maintenance contracts, and could help the company double its turnover and the size of its workforce by the end of 2020.
“Thanks to the financial assistance provided by the Scottish Loan Scheme and the XL Group we are firmly on track to fulfil our strategic growth aspirations for the business this year,” commented Stuart Charles Sinclair, managing director of Integrity XL.
“Having secured several new contracts in a diverse range of sectors in 2019, 2020 is already shaping up to be another exciting year for Integrity XL,” added Kerry Sharp, director of the Scottish Investment Bank. “The acquisition of the pumps will help the company sharpen its services and has the potential to create a new revenue stream via the rental market.”
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