C&M Announces Growth, Restructuring
C&M Group reports that its annual turnover now exceeds GBP 12 million (US$21 million), and the company is forecasting a further increase of 50 percent during the forthcoming year. Part of this growth strategy involves the launch of two new companies under the group banner.
The Aberdeen, UK-based, multi-disciplined electrical engineering firm last year transformed its business to become a major player in the oil and gas and marine sectors. It added a range of technological products to its portfolio.
The two new limited companies are C&M Marine Services and C&M Advanced Technology. The group launched a marine division and an advanced technology division last year to develop its capabilities in these areas, deliver turnkey projects, and demonstrate to the marketplace that it offered more than electrical engineering services. The formation of these two companies is a progression that reflects the strong growth both have experienced and the planned future expansion.
"These divisions have now come of age," explains C&M Group chairman and founder, Adrian Connell. "Both areas of expertise will now become subsidiary companies of the parent group with their own strategic focus, business development plans, and operational independence. As well as allowing us to accelerate their growth, the new corporate structures enable the senior management involved to have a real stake, through shares, in their own companies."
"This has been an exceptional year for us with two significant international projects for Shell and BP, one of the best years ever for our offshore electrical and instrumentation division, and one in which we launched a range of new technologically advanced products," added Connell.
David Kellas will head C&M Marine Services. This division will build on its reputation for delivering turnkey oil and gas projects. The most recent project involved converting a vessel to provide fully equipped temporary floating accommodation for hundreds of people offshore Nigeria for Shell and in the Gulf of Mexico for BP.
The company will provide electrical personnel to the world-wide oil, gas, and marine sectors. With experience in vessel management, dynamic positioning, and high/low voltage switchgear, C&M Marine Services also provides services in vessel inspection, conversion and upgrades, as well as marine engineering, design services, and naval architecture.
Chris Ward will lead C&M Advanced Technology, which will specialize in the design and development of innovative electronic and computer products. C&M’s hardware includes control systems, advanced video, control and security systems, data management services, energy conservation systems, and underwater, offshore, atomic and hazardous area systems.
C&M Advanced Technology will continue to develop bullet-proof and bomb-proof cameras for offshore installations and other high-security applications.
Operates 28 Offshore Rigs
- BP Midstream Partners Seeks To Raise Up To $893MM In IPO (Oct 16)
- BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017 (Oct 12)
- Increasing the World's Oil Reserves with Digitization (Oct 09)
Company: Shell more info
Operates 27 Offshore Rigs
- API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
- Shell, Varo End Talks on Germany Refinery Stake Sale (Oct 06)
Company: C&M Group more info
- C&M Delivers Living Complex to Transocean's Celtic Sea Semisub (Jul 03)
- Fairstar Reports that Ice Maiden Sails Home to Rotterdam (Jun 04)
- C&M Makes Debut in Russia (Sep 11)