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.