AVT Reliability tops £20 million turnover

The AVT Reliability Group has passed a significant milestone with sales for the twelve months to April 2024
exceeding £20 million for the first time.

AVT Reliability Group is a fast-growing part of AES Engineering Ltd, whose main global brand is AESSEAL.
AVT Reliability is a full-service condition monitoring business. It has developed and owns world-beating
Internet of Things technology and Machine Sentry Software, allowing remote monitoring of the health of
industrial machinery worldwide.

Tony Gales, the recently promoted Head of AVT International said, “In 2019, when our Group had sales of
less than £7 million and an EBITDA of less than £1 million, we set ourselves a Big Hairy Audacious Goal
(vision) to create a £50 million condition-based monitoring business by the end of 2029.
“Exceeding £20 million in sales for a 12-month period and the current growth trajectory of the business
means that the £50 million goal is much more of a vision than a dream.”

The AVT Group’s growth has been driven via a combination of product and business development and
acquisitions. Unusually for a company introducing innovative solutions into traditional industrial
environments, its combination of reliability expertise and technology means sales growth and profits are
high.

Chris Rea, the Managing Director of the AES Engineering Ltd. Group said, “The development of the AVT
Group is key to our Group BHAG (vision) “To become the leading global reliability business, delivering
solutions to help industry save water, energy, cut pollution and create a better world.”

“As the vision is a 25 year one, it will take longer than my remaining life span as a business leader to
achieve, but the journey remains both interesting and exciting”.