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ATR Group Makes £2m Investment in Equipment to Meet Rising Demand

13 March 2012

ATR Group, the leading oil and gas rental services business, is investing some £2million in new equipment as it responds to rising demand across the UKCS North Sea, Caspian and beyond.

The Aberdeen-headquartered firm secured over £20 million from NBGI Private Equity andthe Clydesdale Bank, in the last week to pursue itsí expansion plan.

In response to an industry wide shortage of key equipment, ATR is expanding its rental fleet of itscompressors, generators and lifting equipment as part of the investment package.

The firm provides clients in on- and offshore oil and gas, subsea, production and renewables with a range of services and tools for activities including the supply and rental of lifting equipment, inspection and certification, and power generation.

Chief executive, Keith Moorhouse, says: "Industry demand is rising rapidly, and this significant investment in additional rental assets for our portfolio will ensure that we can support increased customer demand

"We have already invested £1million in adding to our rental fleet in the opening months of 2012, and will double this investment over the next six months, with a focus on key equipment vital to exploration and production operations offshore.

"The high standard of safety and operational certification required in the offshore industry is a major focus of our work, and ensuring we have additional availability of fully certified equipment helps to protect clients' investment in their production activities."

ATR Group has flourished since a management buy-in over four years ago. The company now boasts a turnover in excess of £17million and has 100 employees.