Global Energy Group acquired the assets of Axiom NDT Ltd shortly after it went into Administration last week.
Global’s, COO, Ian Cobban commented, “Axiom are a well known and respected company and in hearing about their trading difficulties we moved quickly to secure the purchase of their assets following their administration.
“The acquisition of Axiom’s assets will bolster our inspection capability in the production and drilling space. We are excited that through this acquisition we will further be able to offer highly specialist services to our customers and the marketplace. It is unfortunate that we were unable to purchase the business of Axiom as a going concern. However, as stated, we will now work hard to ensure that Axiom’s long established client base can be fully supported by Global Energy Group from our facility in Aberdeen.”
Axiom’s Joint Administrators Leonard Curtis Recovery Ltd secured a quick sale of the company’s assets to Global Energy Group after they went into administration last week, following the company failing to recover from a massive bad debt last year.