Ready Engineering Corporation

Ready Engineering Corporation is a global provider of electrical, controls, and industrial information systems services, specializing in enhancing industrial operations for diverse sectors including nuclear, oil and gas, and renewable energy. Founded in 1996, Ready Engineering Corporation operates out of Canada, focusing on delivering specialized engineering solutions. In January 2021, Shermco Industries, Inc. acquired Ready Engineering, although financial terms were not disclosed.

The company has engaged in one significant deal to date. Ready Engineering, a subsidiary of Shermco Industries, is a prominent global provider of electrical, controls, and industrial information systems services. The company specializes in delivering comprehensive solutions that enhance industrial operations across various sectors, including nuclear, oil and gas, mining, and renewable energy. Their core offerings encompass electrical engineering, control systems, process IT, and industrial facilities management.

Notably, they provide advanced services such as DCS (Distributed Control Systems) programming, SCADA (Supervisory Control and Data Acquisition) training, and power system studies. Ready Engineering caters to a diverse clientele worldwide, including sophisticated clients in North America, Europe, Asia, and emerging markets, ensuring that they meet the unique needs of each sector they serve. Ready Engineering generates revenue through a mixture of project-based contracts and ongoing service agreements with clients across multiple industries. The company's transactions typically involve B2B partnerships, where services are contracted per project or under long-term service agreements.

These agreements may include customized solutions, such as comprehensive design and construction packages for industrial power distribution or control system upgrades for nuclear facilities. While specific pricing details for their flagship services, including the RSOC Suite and CEMS (Continuous Emissions Monitoring Systems), are not disclosed, clients engage in tailored agreements that align with their operational requirements and project scopes. This structured approach facilitates predictable revenue streams and fosters long-term relationships with clients seeking reliable engineering and technical support. Looking ahead, Ready Engineering plans to leverage innovations with new products in development, although specific launch dates are not disclosed.

The company aims to expand its reach in emerging markets across Asia and Latin America by the end of 2023. The recent acquisition by Shermco Industries in January 2021 is expected to provide additional resources and capabilities to support these initiatives.