Exova

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Exova Group plc
Public limited company
Traded as LSEEXO
Industry Materials testing
Founded 2008
Headquarters Edinburgh, United Kingdom
Key people
Fred Kindle (Chairman)
Ian El-Mokadem (CEO)
Revenue £274.9 million (2014)[1]
£2.7 million (2014)[1]
£(28.7) million (2014)[1]
Website www.exova.com

Exova Group plc is a leading provider of laboratory-based testing and related advisory services, operating primarily within the Testing segment of the Testing Inspection and Certification (“TIC”) sector. It is listed on the London Stock Exchange.

History[edit]

Exova can trace its operational history back over 90 years. The company was acquired and the Exova brand established in 2008, following a carve-out transaction from Bodycote plc, by funds managed by the private equity company Clayton Dubilier & Rice for £417m in 2008.[2] Exova was subsequently listed on the main London Stock Exchange on 16 April 2014 and entered the FTSE 250 in June 2014.[3] In April 2012 the company ignored its own expert asbestos analysis and was fined £36,000 by the Health and Safety Executive.[4] In July 2014 the company acquired Metallurgical Services Private, an Indian testing services firm.[5]

Operations[edit]

Headquartered in Edinburgh, UK, Exova employs 4,000 experts across 121 laboratories in 23 countries worldwide. The Group provides technically demanding testing for a range of materials, components, products and systems to ensure compliance with safety, performance and quality standards. The company specialises in testing across a number of sectors from health sciences to aerospace, transportation, oil and gas, fire and construction.[6]

Exova provides technically demanding testing and related advisory services across capabilities including calibration, chemistry and microbiology, corrosion and protection, fire, metal technology, polymers and composites, and structures and systems. Exova operates in different sectors under a number of brands, including:

  • Exova Warringtonfire[7]
  • Exova Metech[7]
  • Warrington Certification[7]
  • Exova Catalyst[8]
  • Exova RPC[9]
  • Exova Metallurgical Services[10]

References[edit]

  1. ^ a b c "Preliminary Results for year ended 31 December 2014" (PDF). Exova. Retrieved 3 August 2015. 
  2. ^ "Bodycote lifted by sale of testing business". The Telegraph. 29 August 2008. Retrieved 25 June 2014. 
  3. ^ "Exova edges above IPO pricing". Scotsman. 12 April 2014. Retrieved 25 June 2014. 
  4. ^ "Companies neglecting own expert asbestos analysis’s". Storm. 13 April 2012. Retrieved 30 October 2014. 
  5. ^ "Exova Buys Indian Testing Services Firm". Barron's. 21 July 2014. Retrieved 24 August 2014. 
  6. ^ "Exova Supports Boeing Apache programme". Azom. 7 October 2014. Retrieved 16 February 2015. 
  7. ^ a b c "Bodycote goes on £30m buying spree". Manchester Evening News. 15 February 2007. Retrieved 18 February 2015. 
  8. ^ "Exova acquires Catalyst Environmental Limited (Exova Group Limited)". WN.com. 16 January 2014. Retrieved 18 February 2015. 
  9. ^ "optical strain measurement subsea pipeline testing". Pipeline and Gas Journal. July 2014. Retrieved 18 February 2015. 
  10. ^ "UK-based Exova Group acquires Metallurgical Services". 21 July 2014. Retrieved 18 February 2015. 

External links[edit]