Tuesday, July 26, 2016

News: Testing firm make Magna move

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Element Materials Technology, a provider of testing for materials and products used in advanced industrial sectors, has relocated its laboratory from Sheffield to Rotherham.

Element Sheffield is one of the UK's leading, UKAS accredited metallurgical materials testing laboratory's that offers a comprehensive range of materials, mechanical and corrosion testing services to its clients within the oil & gas sector.

The firm has signed up to Unit 3 at Magna Way, Templeborough on a 15 year lease, as the firm relocates 40 staff from premises at Nursery Street, Sheffield.

Constructed in 2007, the premises incorporate 13,300 sq ft of warehousing space alongside 3,700 sq ft of office accommodation.

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Colliers International advised Element Materials Technology. The landlord was advised by Commercial Property Partners.

Rob Whatmuff, director, industrial & logistics, Colliers International, said: "Magna Business Park provides Element with more modern and efficient space from which to carry out its class leading processes and innovation for the oil, gas and aerospace industries – ensuring the safety and compliance of materials and products that are used in some of the world's most advanced industrial sectors. The move will allow Element to improve the efficiency of the business. The deal will also see the company's aerospace division being brought into the same facility, further increasing its range of capabilities."

Peter Woolston, general manager, Element Materials Technology, added: "The current lack of Grade A supply meant that finding the ideal property was extremely challenging but Unit 3 Magna Business Park fitted our requirement criteria exactly and provides us with a modern, efficient building within which we can grow and showcase our products and innovation to our clients."

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The company was acquired by Bridgepoint from 3i Group for an undisclosed sum at the end of 2015. It has 34 laboratories in the US and 19 across Europe. It serves a longstanding customer base of over 10,000 aerospace, oil & gas and transportation companies worldwide. The business generates annual revenues of c.$290m.

Element works with its customers to ensure that the materials systems and products that are in use in some of the world's most advanced industrial applications are safe, comply with relevant industry standards and are fit for purpose. This involves testing a material, part, product or weld from a production line to destruction.

Element Materials Technology website

Images: Oliver Developments

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