Integrity XL eyes expansion after liquid nitrogen pump purchase
Aberdeen-based multi-discipline integrated service provider Integrity XL is poised to grow its business having invested £1 million in the purchase of two 90K liquid nitrogen pumps.
The pumps, procured from Prior Diesel, are essential to the shutdown and maintenance services offered by the company, being used to purge and pressure test pipework and pipeline systems.
The acquisition has been part-funded by a £350,000 loan from the Scottish Loan Scheme (SLS), part of the Scottish Government’s Scottish Growth Scheme, which is administered by the Scottish Investment Bank.
Integrity XL believes the pumps will open the door to more shutdown and maintenance contracts and is aiming to double both its turnover and the size of its workforce by the end of 2020.
Stuart Charles Sinclair, Managing Director, Integrity XL, said: “Thanks to the financial assistance provided by the Scottish Loan Scheme and the XL Group we are firmly on track to fulfil our strategic growth aspirations for the business this year.”
Kerry Sharp, Director, Scottish Investment Bank, said: “Having secured several new contracts in a diverse range of sectors in 2019, 2020 is already shaping up to be another exciting year for Integrity XL. The acquisition of the pumps will help the company sharpen its services and has the potential to create a new revenue stream via the rental market.”