The PDL group of companies are increasing their diversification into complementary sectors to sustain their continued growth.
Having delivered year-on-year growth for the last 16 years, including a record 12-months ending 31 May 2015, which saw the company achieve 51 percent growth, the group is aiming to extend its expertise within the oil & gas industry and further diversify its activities into the aerospace, defence, transport and water sectors through its international divisions, PDL Solutions (Europe) Ltd, PDL Solutions (North America) LLC and PDL Solutions (Asia) Pte Ltd.
The group provides advanced engineering design and analysis services to the main safety critical industries. It has established an enviable reputation of mitigating risk, shortening development timescales and lowering development costs on some of the most technically demanding and mission critical projects for some of the most notable and respected national and international companies.
Paul Charlton, CEO of PDL
Paul Charlton, CEO of PDL said: “Despite the current downturn in the oil & gas industry, we are confident that our technology-based expertise and market diversification will support our medium to long term growth objectives.
To date, we have considered the oil & gas business as one industry. I believe we are now at the point where we should look at the oil industry and the gas industry as two separate entities. Whilst the demand for both will continue to grow, gas will become the dominant of the two over time.
“We will continue to support the development and the deployment of new technologies and new ways of working to bring about the much need cost and efficiency savings in the oil industry and we will pioneer the development and application of new analysis methodologies to support and sustain the growth in the gas industry”.
Paul added: “Up till now, we have mainly supported the upstream activities of the oil and gas industries. Over time, you will see our engineers supporting our clients in the midstream and downstream sectors of the oil and gas industries too. Our ultimate goal is to be the ‘go to’ engineering partner of choice from the point of extraction through to the point of use.”
Posted: 24th Feb 2016
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