AES Engineering, based in Rotherham, has acquired a majority stake in a Canadian company.
Based in Edmonton, Performance Compression and Sealing (PCS) specializes in providing fluid sealing products and services. It will remain as an independent business.
The acquisition, for an undisclosed sum, will result in the formation of a new company, AES Edmonton.
AES Engineering Group owns mechanical seal manufacturer AESSEAL, which was founded in 1979 and operates from 230 locations in 104 countries.
Chris Rea, Managing Director of AES Engineering Ltd, said, “We are delighted to partner with PCS and deploy our technology to serve customers in the Edmonton area and across the country. Canada.
“This acquisition further strengthens our already well-established position as a leading supplier of sealing technologies in the global market and builds on our recent acquisition of JATech Canada, a recognized leader in reliability monitoring services and vibrations.
PCS President Tyler Wilson added, “This agreement builds on many years of dedicated customer service from PCS staff and solidifies our position as a premier service provider. Selecting AESSEAL as a partner was an easy decision due to their product technology, and their similar dedication to customer service and reliability.”
No advisor has been appointed in connection with the transaction.
