Add Energy Asset and Integrity and Management (Add Energy AIM) announces today, Thursday 12 March, that it has already surpassed its annual financial target after securing a raft of new contracts worth £12m – making 2020 its strongest year commercially since inception.
The latest business wins include projects with major oil and gas operators, power generation plants and companies from within the mining sector.
It will see the firm provide their recently launched automated asset maintenance optimisation solution, Aim-Hi™ as well as services including CMMS Builds, planned maintenance optimisation and maintenance management training to new and existing clients in the UK, USA and Middle East further reinforcing its international presence.
Executive vice president, Peter Adam said: “It’s incredible to have secured this level of business so early in the year and to have already met our financial targets set for 2020 is beyond all expectations.
“The contract wins are testament to the expertise and customer-centric ethos of the Add Energy AIM team and further strengthen the foundations for our planned future growth. While technology is fast becoming central to our business offering, it’s our people who lead it and we wouldn’t have been able to achieve the success we have seen so far without their expertise, professionalism and loyalty. I am incredibly proud of them for helping to bring in this new business and for supporting our ambitious business plans.”
The company, which is part of Norwegian group Add Energy, employs more than 130 people in its offices in Aberdeen, Muscat and Houston. As well as securing a string of significant new contracts last year, it opened an office in Calgary, launched its new cloud-based Aim-Hi™ technology and received The Queen’s Award for Enterprise.
Mr Adam continued: “Our team will focus its efforts on two areas of priority over the next 12 months. The first is further enhancing our suite of asset integrity and management tools. These not only support the energy sector but any industry where there is an asset management challenge – and we will strive to widen out the use of this innovative technology as far as we can. We will also expand our Houston and Calgary offices allowing for significant growth of the business. They had a very successful 2019 and we will be working closely with the team to support further expansion in the months ahead.”
Add Energy’s AIM team offers strategic asset management and maintenance optimisation solutions to oil and gas production facilities, power generation plants, FPSOs, drilling facilities, manufacturing, and mining companies. Its in-depth expertise combined with next-generation technology has made it a trusted partner, enabling clients to use resources effectively and safely.
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ADD Energy AIM's EVP Peter Adam