CAN Group increases profits by £2.7 million

 

Innes Walker CAN Group Director
Innes Walker CAN Group Director

By DARA BUTTERFIELD

New business wins and increasing demand for comprehensive asset integrity management solutions within the oil and gas industry has given Aberdeen-headquartered CAN Group a £16 million increase in turnover and a £2.7 million increase in operating profit for the year ending December 2013.

CAN Group, which supplies engineering, inspection and trades services to the oil and gas, petrochemical and energy industries on a global basis, achieved a global turnover of £89 million and operating profits of £17.4 million.

 Formed in 1986, when it pioneered industrial rope access techniques offshore, CAN Group is now a diversified market leader with a workforce of more than 700 people. It provides asset integrity services, spanning engineering, quality assurance, quality control services, inspection, maintenance and access solutions.

Innes Walker, Group Director, said: “As the oil and gas industry seeks to prolong the life of its ageing assets within strict financial parameters asset integrity management is a key priority for operators.

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