AT Group sold to Bilfinger Berger
A HAYDOCK-based business which specialises in electrical automation and control systems has been bought by German-owned engineering giant Bilfinger Berger for an undisclosed sum.
AT Group has been bought by Bilfinger Berger Industrial Services, a UK-based arm of the Munich-based €3bn Bilfinger Berger group.
The business was started in 1984 by former Pilkington Glass employee Alan Turner, who subsequently sold it in 2001 to a management buy-out team backed by Close Brothers Growth Capital. Its last filed accounts for the year to September 30, 2009, show at it made a pre-tax profit of £1.5m on sales of £20m.
Following the deal, the firm will change its name to BIS ATG and become part of an Industrial Services division servicing the chemicals. refining, energy and oil & Gas markets both onshore and offshore. The division employs more than 3,000 people and last year had revenues of £208m.
The company’s managing director, Rob Rushton, has said that the company will continue to operate “as an independent subsidiary of the UK holding company”.
“We will remain the same effective and responsive organisation that has served our customers for the last 25 years, but now with access to the considerable financial and support resources of the Bilfinger Berger Group.”
