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5th Jul, 2019  |  General News

Kentech Group steps up Engine for Growth, partnering with Oracle for a global roll out of ERP Cloud

Kentech Group continues to enable it’s expansion plans by partnering with Oracle and signing a Global ERP Cloud deal.   Kentech is celebrating it’s 25 year anniversary and 100 year heritage with the consolidation and migration of it’s existing on premise ERP solutions to Oracle ERP Cloud.  Kentech Group are rolling out Oracle Financials, Purchasing,  Inventory Management and Sourcing in the first phase, followed by Project Contract Billing, Time and Labour for Projects, and Enterprise Planning and Budgeting. Kentech are a $300M Global Oil and Energy engineering business, rapidly growing with plans to hit $500m in 2021 and $1Bn by 2025.   Kentech recently moved to a new Group Headquarters in Jumeirah Lake Towers, Dubai, UAE.  With approximately 4500 staff, Kentech Group works around the world with National Oil Companies, International Oil Companies, and Engineering, Procurement and Construction companies.   The Oracle Cloud ERP deal is part of Kentech’s Digital Transformation programme.

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TAGS: #Engine for Growth  #Digital Transformation  #Oracle  

3rd Jul, 2019  |  General News

2018 Financial Results Give Second Successive Year of Record Profitability

It is now almost a year since we launched our Engine for Growth (EfG) programme, the delivery mechanism to grow to a $500m business by 2021 and set us on a trajectory to achieve $1b by 2025. Since the announcement of our EfG, we have evolved the business into three best in class services of specialist projects, commissioning and maintenance services to the energy industry. We pride ourselves on our trusted relationships, excellence in delivery and global agility, all delivered through the power of our exceptional people and personal touch. We are now delighted to announce that our year end results for 2018 have given us a second successive year of record profitability. Reported revenue for the year ended 31 December 2018 is $212 million (2017: $234 million). The Group recorded a net profit of $9.3 million (2017: $3.9 million) and adjusted EBITDA, a key metric for the performance of the business, of $17.8 million (2017: $17.6 million). With our strong balance sheet, no net debt and a record pipeline of opportunities, we are beginning to see the results of our strategic intent through the delivery of our EfG. With the proven operational capability and strength in safety performance that we have built through our people and systems, our focus has taken a fundamental shift to be much more externally focused and aligned with our clients, who come to Kentech for the quality of service we provide. Shifting to our service line structure comes with a commitment to our key clients to deliver our best in class services, wherever in the world they need us the most.

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TAGS: #Engine for Growth  #Financials  #Strong Performance  

19th Jun, 2019  |  General News

Kentech Expands China Operations

We believe local content — the added economic and social value brought to a host nation through our execution philosophy — provides shared value to Kentech and to local communities. To integrate local content into overall project planning and execution, we believe in thinking globally and acting locally. As we continue to widen our global presence, we have been taking steps over the last few months to expand our operations in China. Thanks to lots of hard work done by Jason Miao, we have now signed and renewed multiple long term agreements with Chinese local partners to support our China expansion strategy. We will bring you more updates on this over the coming months.

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TAGS: #expansion  #Engine for Growth  #china  

6th Jan, 2019  |  General News

Kentech Appoints Group IT Director

Another key strategic appointment has been made in line with our Engine for Growth plans.  We are delighted to announce that Damian O’Gara has joined the business as our new Group IT Director. It is clear that in order to achieve our Engine for Growth plans, we need to do so from firm foundations and as such the Group IT Director is a newly created position. Damian will be taking responsibility for our entire IT development and delivery.  He will ensure we have everything in place from an IT perspective in order to operate as slickly and efficiently as possible.  Damian is a highly experienced technology leader with a track record of building and leading high performance international IT departments. He has a cross industry background covering sectors including Healthcare, Retail, Defense and Media, and joins us from OSN in Dubai. Giving us a little insight into his plans, Damian tells us “Technology continues to advance faster than at any other time in my career and we will be look to harness some these technologies to deliver a future proofed, coherent and integrated technology platform to delight our internal and external customers.” We would like to welcome Damian to the Kentech family and wish him all the very best in this exciting new role.

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TAGS: #Staff Appointment  #Engine for Growth  #Leadership  #IT  

27th Sep, 2018  |  General News

Kentech Launches 'An Engine for Growth'

Kentech has exciting growth plans and in this article, Sarah Kent gives us an insight into what this means and the first steps we are taking along this journey:-   "I am delighted to be sharing with you the exciting news about Kentech’s “Engine for Growth”. Building on our record 2017 in terms of HSE performance, revenue and EBITDA and continuing to grow despite the difficult market conditions, Kentech is now ready to inject further pace into our ambitious growth profile.  We are radically changing how the business is organised so that we can bring our three globally recognised Service Lines (Specialist Technical Solutions STS, Construction & Hook-Up CHU, and Turnaround Maintenance & Modifications TMM) to our Key Clients in every corner of the globe. We are moving to a service line structure where we integrate our Business Development into each of our Global Service Lines under the leadership of John Gilley as our Chief Operating Officer. Having worked with John for over a decade, I know that he is excited about leading the growth of the business through our people and the strong project delivery that we achieve as a result of collaboration and K2 . John is going to have more news to share on the appointments within his team over the coming weeks. To help further accelerate our plans, we are creating a new role of Chief Strategy Officer (CSO) which will ensure that we are staying ahead of the market, working on entries to new markets and establishing strategic client and partner relationships. We will be expanding our capabilities through partnering and acquisitions and these will be an important part of this role. We have all seen how much digitisation has impacted our everyday work and home lives and the pace of change just seems to get faster. We are a young, spirited company and we are in the fortunate position where we can spend time and energy on leading this change. John Kent will be taking up this stimulating role and with his wealth of industry knowledge, wide business perspective and depth of thinking, he has the broad skillset required for this role. These are really exciting times for Kentech and I can feel the energy and creativity that are being sparked throughout the team. I wish both John Gilley and John Kent every success in their new appointments."

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TAGS: #Engine for Growth  #Transformation  #Staff Changes