Exova seals more deals ahead of annual results

Exova chief executive Ian El-Mokadem
Exova chief executive Ian El-Mokadem
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Materials testing group Exova has completed two more acquisitions as it prepares to announce its full-year figures.

The Edinburgh-based group, which said in November that it was making “very good progress” with its acquisition strategy, said it has bought Western Technical Services, a Somerset provider of “non-destructive testing” services for clients including BP, Carlsberg and National Grid.

The company, headed by chief executive Ian El-Mokadem, has also acquired the environmental monitoring division of Manchester-based Resource & Environmental Consultants, and said both deals are expected to deliver revenues of about £2 million a year.

READ MORE: Exova says deals pipeline remains strong as sales rise

Exova’s revenues during the ten months to 31 October were 9.3 per cent higher than a year earlier on a constant currency basis, or up 7.5 per cent on actual rates, and the firm said today that trading for November and December had been in line with its expectations.

The firm is due to announce its 2015 results on 3 March.