Glacier Energy Services has entered into a transatlantic partnership to boost revenues by £1million per year.
The firm, which recently acquired rivals Aberdeen Radiators, has signed an agreement with Houston’s MAKO Oilfield Services.
The deal will see Glacier provide a fleet of its cutting and bevelling machinery to MAKO for rent in the local market, with the Texas company acting as local service provider in North and South America.
Glacier said the agreement is expected to bring £1million in incremental revenue per annum in the coming years.
It comes as Glacier aims to increase its global footprint, which currently includes several UK bases, as well as partnerships in the Middle East.
Duncan McDougall, managing director, Glacier Energy Services, said: “This agreement is integral to Glacier’s continued internationalisation strategy.
“MAKO brings a wealth of experience in providing solution-led technical services to customers and we look forward to working together and developing the partnership further in the future.”
Steve Lykins, president, MAKO Oilfield Services, commented: “We see great potential in this market and Glacier’s superior product range, together with strong technical know-how, provides a strong offering for our customers in the Americas.”
Last month the company took over Aberdeen Radiators, a North Sea-focussed specialist in repair of radiators and heat exchangers.
Glacier said it had “more confidence” to complete an acquisition with signs of the North Sea market “picking up”.