New acquisition for Hidrostal GB
Hidrostal GB, the UK holding company for the Swiss pump manufacturer Hidrostal, has announced the acquisition of four service centre locations of the electrical and mechanical engineering services company, Parsons Peebles Service.
The transaction was completed with administrators BDO as part of a sequence of deals that saw a substantial number of jobs secured.
James Stephen, partner at BDO, said: “This is a positive outcome for customers and employees at a time of uncertainty in the UK economy.”
Parson Peebles Limited is a supplier of electromechanical products and services across a wide range of industries including power, oil and gas, renewables and water.
Hidrostal GB incorporates Bedford Pumps Ltd who jointly offer a complementary range of pumping solutions from five to 15,000 litres per second.
From standard off the shelf products to complex bespoke design solutions, their combined specialist engineering knowledge ensures that any pumping need within the water, wastewater, flood control and industrial markets, can be fulfilled.
The newly acquired company will trade as Avonmouth Engineering Services Ltd and will provide Hidrostal with a custom built 70,000 sq ft workshop in Avonmouth, which will be the largest, single workshop facility for electrical and mechanical repairs in the UK.
Avonmouth Engineering Services will house electrical, machining and fabrication workshops with a 30 tonne inhouse lifting capacity and modern equipment designed to provide high quality round the clock service for both repair and new equipment manufacturing.
The transaction was completed with administrators BDO as part of a sequence of deals that saw a substantial number of jobs secured.
James Stephen, partner at BDO, said: “This is a positive outcome for customers and employees at a time of uncertainty in the UK economy.”
Parson Peebles Limited is a supplier of electromechanical products and services across a wide range of industries including power, oil and gas, renewables and water.
Hidrostal GB incorporates Bedford Pumps Ltd who jointly offer a complementary range of pumping solutions from five to 15,000 litres per second.
From standard off the shelf products to complex bespoke design solutions, their combined specialist engineering knowledge ensures that any pumping need within the water, wastewater, flood control and industrial markets, can be fulfilled.
The newly acquired company will trade as Avonmouth Engineering Services Ltd and will provide Hidrostal with a custom built 70,000 sq ft workshop in Avonmouth, which will be the largest, single workshop facility for electrical and mechanical repairs in the UK.
Avonmouth Engineering Services will house electrical, machining and fabrication workshops with a 30 tonne inhouse lifting capacity and modern equipment designed to provide high quality round the clock service for both repair and new equipment manufacturing.
