Global Energy Group said yesterday it had acquired a majority shareholding in Aberdeen firm Rigfit Offshore.
Global, whose main offices are in the Granite City and Inverness, has not disclosed a deal value, but it is understood to run into millions of pounds.
All jobs will be safe following the transaction.
Brian Knowles, who was the Rigfit owner, will continue to manage the business from Global’s head office in Aberdeen, while the company’s international workforce of around 100 people is being retained.
Rigfit carries out accommodation upgrades for oil and gas-industry companies and other marine businesses in the North Sea, the Mediterranean, Africa and the Middle East. It also has offices in Dubai.
Global said Rigfit would enhance the inspection, repair and maintenance services the group delivered to drilling, subsea and platform operators worldwide.
Global chairman Roy MacGregor said: “We are delighted Brian and his team are joining Global’s growing family of successful and ambitious companies. The services Rigfit specialise in are an excellent addition.”
Global, which employs more than 2,100 people internationally, is said to be continuing its strategy of development through organic growth and acquisitions.
Its turnover for the 2008-09 financial year is expected to be about £175million; an increase of about £45million on the previous year.
Mr MacGregor said: “As a board, we are very pleased with the continuing progress we are making in developing the company and are confidently continuing with our strategy of further growth and internationalisation.
“While recent economic conditions have, without doubt, had some effect on the North Sea and on everyone operating in that market, they have had very little impact on our activities in international marketplaces.
“I believe that current circumstances present a real opportunity to get in shape to ensure we are best placed to take full advantage once the upturn comes. I certainly welcome the recent improvement in the price of oil and believe it is a positive sign amid the challenges the industry is experiencing.”
