Analytical Technology Inc (ATi) has announced that its European operation experienced its best financial year ever in 2006
ATi, which operates out of premises near Manchester, UK, specialises in the application of electrochemistry to air and water monitoring problems, working with leading companies in the water and waste, pharmaceutical, process, food and beverage and petrochemical industries.
Mike Strahand, general manager for the ATi business, comments "ATi has secured favourable specifications and contracts during 2006 that have resulted in spectacular growth, with impact on the bottomline.
"The business has seen a 67% growth in turnover in the last 12 months, resulting in a rewarding 400% increase in profit for 2006 financial results".
ATi has recently been awarded a framework agreement from United Utilities, which is the largest operator of water and wastewater networks in the UK.
This framework agreement will have an impact on increased sales into 2007, giving ATi further optimism about the business growth ahead.
ATi therefore starts 2007 with a buoyant and confident outlook.
Mike Strahand continues: "ATi has invested cautiously and continuously into growing its UK operation.
"Our favourable recent leap in revenues, combined with the future revenue stream guaranteed by recently awarded contracts, means that ATi sees 2007 as the year for our planned expansion into Europe".
As such, the intention is to further grow the business by increasing turnover again by approximately 60% during this coming year, and focusing the expansion plans onto recreating similar growth models in Europe.
ATi already has an established distributor base in Europe, but intends to focus strongly in the latter half of 2007 on the business potential for its water monitors in Iberia, Italy, Greece and other mainland geographies.
ATi sees 2007 as a strong year for its chlorine monitors, ammonia monitors, dissolved oxygen monitors and for monitors used in the metals industries.
ATi has a growing customer base including United Utilities, Scottish Water, Bristol Water, and Thames Water in the UK.
