Rovco Delivers Record 2020 as it Plans for 2021 Growth
Rovco, a leading provider of energy industry robotics and hydrographic services using AI and Live 3D technology, has announced a record year for 2020, delivering £7.5 million (US$10.3 million) in revenues – a 286% increase on 2019.
2020 also saw the winning of new contracts and growth of backlog that now stands over £16 million ($22 million) reflected in future revenues. The company saw dramatic growth in employees, rising from two in 2016 to 53 at the beginning of 2021.
Brian Allen, CEO and founder of Rovco, commented: “2020 has undoubtedly been a challenging year for all of us in the energy industry. Yet, this performance is a testament to Rovco’s outstanding team who have really gone above and beyond to deliver great results and I’m honoured to be working alongside them. We have been lucky to have over 75% of our revenues coming from offshore wind, with this sector more than making up for any slowdown in oil & gas