Production technology firm Proserv said yesterday it would create up to 50 jobs in the north-east after reporting a jump in turnover.
The company said it expected turnover from last year to surpass its target and come in at £113million, up from £96million in 2010.
The Westhill-based business said it wanted to take on 130 people, including around 50 in the north-east, after predicting income would grow by 20% this year.
It comes three months after the company brought its five separate divisions under the Proserv brand.
Chief executive David Lamont said: “Since the merger, we have seen significant growth in our business due to our increased capabilities and expertise, particularly in the drilling, production, subsea and decommissioning sectors.”
Mr Lamont said Proserv employs 800 people worldwide, including 240 in the north-east, but because of its order book it needed more staff.
“This reinforces our ambitious plans for future accelerated expansion and to meet demand for our enhanced portfolio of complimentary products and services to clients globally,” he said.
The merger of all Proserv’s operations came after the business secured a £72million financing arrangement.
The five businesses now known as Proserv were three from the north-east – Proserv Technology, Proserv Offshore and Hydrafit Subsea – plus Houston-based Gilmore Valve and Argus Subsea.
The latter three firms were formerly part of the Galathea Group. At the time of the merger, Proserv said as well as expanding its workforce it planned to move into new overseas markets and look out for new strategic acquisitions.
The firm, which was established 35 years ago, operates from 21 sites across the world in locations including the UK, the US, Scandinavia, Asia, Africa and Australia.
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