SengS acquisition by Pryme Group

Established in 2012 by Murray Kerr, SengS is an Ellon based engineering company providing subsea engineering design consultancy, equipment testing and assembly, repair and refurbishment and rental of certain subsea equipment.

Pryme, which is majority owned by Simmons Private Equity, offers a one-stop, turnkey service for global contract manufacturing, combining high quality machining with design capability, hydraulic services, fabrication skills, assembly and test and project management.

The acquisition of SengS enhances Pryme by bringing engineering design, specialist testing and assembly services to the group, another step in its strategy of developing a full outsourced manufacturing service for its customers.

Murray Kerr, managing director of SengS, said: “Partnering with Pryme will allow SengS to continue to grow through expanding its capability offering for its current customers and providing access to new customers and sectors. I look forward working with the Pryme management team and Board as we continue to grow the group”.

Anderson Anderson & Brown Corporate Finance acted as advisors to Murray Kerr, shareholder of SengS in the disposal to Pryme.