The Edmonton company Performance Compression and Sealing (PCS), which specialises in the supply of fluid sealing products & services, has announced that it has sold a controlling stake in it’s sealing business to the UK-based AES Engineering Ltd.
The PCS Compression Solutions business remains an independent company. The acquisition, for an undisclosed sum, will result in the formation of a new company, AES Edmonton.
The AES Engineering Group, which is based in Rotherham, Yorkshire, also owns AESSEAL®, the world’s largest homogeneous designer and manufacturer of mechanical seals. AESSEAL®, which was founded in 1979, operates from 230 locations in 104 countries, and holds in addition to it’s engineered product portfolio the world’s most comprehensive standard inventory portfolio of mechanical seals, bearing protectors, seal support systems, and packing.
Performance Compression and Sealing, which was set up in 2011, has established a reputation across Canada for its reliability-focused service aimed at maximising the long-term performance of its customers’ equipment. It now joins the group of similarly reliability-focused companies owned by AES Engineering Ltd.
The new company, AES Edmonton, will be set up in new premises built to the highest global AES standards. It will continue to serve all industries in the local area and across the Canadian sealing market.
PCS President Tyler Wilson said that the combination of the entire AES product range in Wet and Dry Gas Sealing technology, coupled with the service reputation established over the years by PCS, would bring together like-minded employees to better serve the customer base across Canada.
This agreement builds on many years of dedicated customer service on the part of PCS staff, Mr Wilson said, and strengthens our position as a leading service supplier. The selection of AESSEAL® as our partner was an easy decision due to their product technology, and their similar dedication to customer service and reliability.
Chris Rea, Managing Director of AES Engineering Ltd, welcomed the acquisition and the formation of the new company.
We are delighted to partner with PCS, he said, and to deploy our technology to serve customers in the Edmonton area and across Canada. This acquisition further improves our already well-established position as a leading sealing technology provider in the global market and builds on our recent acquisition of JATech Canada, a recognised leader in reliability and vibration monitoring services.
The acquisition was completed and the new company formed on Thursday 17th March 2022.
