Engineering and technology firm Texo Group said today that it was targeting quick growth in Dundee after signing a long-term lease at the city’s port.
Texo Group’s fabrication business expects to benefit from “truly outstanding” quayside facilities in Dundee, where it will have access to a manufacturing base and offices.
A spokesman for Texo Group, whose headquarters are in Westhill, Aberdeenshire, said the agreement marked the business’s entry to Dundee.
He said Texo would look to increase its Dundee headcount to 100 from 10.
Texo Fabrication managing director Gary Mitchelson said: “This is a great day indeed for engineering and heavy fabrication in Dundee and the East Coast. Texo Fabrication benefits from both a highly skilled workforce with a long track record of success and some truly outstanding quayside facilities.
“Being sited directly adjacent to the existing rig berths and the newly extended Prince Charles Wharf with its heavy lift capacity, puts Texo in the perfect position to service the rig repair, decom and renewable markets.”
He added: “We have some very big plans indeed for Texo Fabrication and the wider Texo Group.
“Our facilities in Dundee will be our divisional HQ and fabrication centre of excellence, supported by a number of other strategically located fabrication facilities on the east coast of Britain.”
Texo Group’s wealthy backers have an ambition for it to become a leading inspection, engineering, procurement and construction specialist for sectors including oil and gas, clean energy and renewables, marine, nuclear, telecom, utilities and critical civil/infrastructure.
Texo Group is expected to create up to 1,000 new jobs across multiple UK based locations and generate annual revenue in excess of £100 million.
Earlier this month, the group announced its maiden acquisition, snapping up Peterhead-based consultancy Navitas Compliance Solutions for an undisclosed sum.