AURORA Power Companies has appointed a brand new Chief Working Officer because it gears up for his or her first worldwide acquisition.
Power M&A consultant Tom Smith might be answerable for the day-to-day operations on the Aberdeen-based start-up, which has already accomplished two acquisitions and is close to to finalising a strategic US addition to its companies portfolio.
The brand new COO’s wide-ranging expertise in vitality sector operations – from mission administration to enterprise improvement and business roles throughout Europe, Africa and Asia – turns out to be useful for Aurora’s additional acquisitions.
The corporate’s marketing strategy is to create a £100m turnover worldwide vitality companies supplier over the following 5 years by offering companies to the oil and fuel sector and supporting vitality transition to web zero.
Aurora is centred on the oil and fuel sector however with an rising concentrate on transitioning to renewables, concentrating on the wind, photo voltaic, hydrogen, carbon seize & storage, pumped hydro and waste to vitality sectors.
The corporate launched in April 2023 with the acquisitions of long-established Scottish companies, R&M Engineering of Huntly, and twine entry and coaching specialist Inverness Entry Coaching Companies.
Mr Smith beforehand labored with Aurora homeowners Doug Duguid and Michael Buchan at EnerMech and PSL Power Companies after they grew each companies into world considerations.
Doug Duguid stated: “Tom has been within the vitality business a very long time and has labored his manner up the ranks which supplies him a wonderful perception into operating a enterprise from the bottom up.
“Tom’s appointment as COO will give me higher freedom to develop the enterprise by main the cost into new territories and to determine potential acquisitions and new applied sciences that are useful to the Aurora service providing.”
Tom Smith commented: “This can be a unbelievable alternative to be concerned in an lively and bold enterprise which is targeted on growing a ‘customer-focused’ repute within the renewables and vitality transition area.
“Aurora has enormous potential and I’m actually trying ahead to enjoying a key position within the firm’s natural progress and worldwide growth.”