Benbecula Group, a privately funded group of companies based in Newcastle Upon Tyne has acquired Loadtec Engineered Systems, In Control Projects and Loadtec Service.
The move greatly strengthens The Loadtec Group portfolio via its new sister companies; Tyne Gangway, Lift-rite Engineering Services and DDS Metals which serve the offshore, marine and engineering sectors.
Alec Keeler, Managing Director of Loadtec said, “We reached a point where we needed to be part of a larger group to achieve the growth we were looking for. Without wider support and financial resource, we were vulnerable to market fluctuations. Benbecula presented a clear strategy to grow the Loadtec Group and develop the existing team towards greater achievements. Our businesses complement each other well, it’s very much a win-win arrangement and we look forward to providing our old and new customers both nationally and internationally with an even better customer experience.”
Loadtec, established in 1996, provides an inclusive design, supply, commissioning and service package for loading arms, tanker access and fall prevention systems.
Lift-Rite, which was acquired by Benbecula Group in October 2017, designs, manufactures, inspects, repairs and hires out lifting equipment, whilst offering on-site rigging and mobilisation services.
Tyne Gangway, originally founded in 1934, was acquired by Benbecula Group in October 2017. The company manufactures and designs marine access systems including gangways and accommodation ladders, predominately for the marine industry, with 50% of its equipment produced for export.
Because of this latest acquisition by Benbecula, the Group is targeting further growth in existing and complementary markets. The Loadtec management team will remain and will be utilising the greater group resources to further grow the business.
Loadtec Group will continue to provide their Zip-Load loading arm products and safe tanker access systems. Going forward, this will be enhanced with innovative and unique products that will anticipate the changing needs of the industries served.
Benbecula Group is led by Ally MacDonald, former CEO of Wellstream International and MD of Technip Umbilicals, current Chairman of Tekmar Energy.
For more information, visit www.loadtec.co.uk
21st March 2018