LDC backs expansion at Express Engineering

Express Engineering has secured a fresh capital injection from mid-market private equity investor LDC to accelerate its expansion strategy.

The deal backs the management team of Express, led by founder and chairman Chris Thompson and managing director Nigel Davison, to continue to grow the business and to capitalise on growth potential in the international oil and gas sector.

LDC has taken a minority equity stake in the business as part of the transaction.

Express, a Gateshead-based supplier of precision machined components and products into the oil and gas market, has a global customer base that includes FMC Technologies, Aker Solutions, GE (Vetco), Cameron, Schlumberger, National Oilwell Varco and Weatherford.