Business
Acquisition of EMC Elite Engineering Services
Acquisition of EMC Elite Engineering Services.
About this update from Amcomri Group Plc
[{"type":"text","content":"\n\n1 April 2025\n \nAmcomri Group plc\n \n(\"Amcomri\", the \"Company\" or the \"Group\")\n \nAcquisition of EMC Elite Engineering Services\n \nAmcomri Group plc (AIM: AMCO), the UK focused specialist engineering services and industrial manufacturing group, announces the acquisition of EMC Elite Engineering Services Ltd (\"EMC\"), a niche mechanical and electrical engineering service provider to the power generation, process and aggregate industries (the \"Acquisition\").\n \nThe initial cash consideration of £2.5m was paid from existing cash resources on completion of the Acquisition, with the remaining balance being a combination of deferred payments and an earn-out agreement, as described in more detail below.\n \nHighlights\n· EMC has a strong reputation in the power generation, process, and aggregate industry sectors with a long track record of delivering high-quality maintenance and project based mechanical and electrical services.\n· EMC is an established and proven sector specialist with a highly skilled workforce, generating a strong financial performance and positive operating cash flow.\n· Highly experienced and competent senior management team with extensive technical knowledge and experience of their chosen market sectors.\n· Potential to expand EMC's specialist technical services into adjacent industrial markets, increase geographic reach, and extend services with key customers, providing clear growth opportunities for the business, with further synergy opportunities with other Amcomri companies.\n· Demand for EMC supplied maintenance, repair and project services is driven by regulatory requirements, planned maintenance outages, and equipment asset upgrading requirements across critical industries, ensuring recurring revenue and a strong pipeline of opportunities.\n \nAcquisition Rationale\nAmcomri has a proven model of acquiring, integrating and enhancing specialist engineering services and industrial manufacturing businesses. EMC is well aligned with the Group's industrial strategy and has built a strong reputation over 10 years in the power generation, process, aggregates and energy sectors, supported by its track record of delivering high-quality maintenance, mechanical and electrical se...