A new Aberdeen-based oil services company has been formed through the merger of two sister firms.
OEG Offshore is a result of the combination of Containental Offshore and Vertec Engineering.
All Vertec and Containental staff will be retained in the new company, which employs nearly 100 people and has plans to increase this number throughout 2010.
OEG Offshore specialises in the design, build and rental of cabins and cargo-carrying units for the offshore oil and gas market.
Chief executive John Heiton said: “The merger of Vertec and Containental allows us to offer a wider range of equipment, skills and services to both companies’ existing clients and new prospects, including complete packaged solutions.
“We have a strong team in place to head up our activities.
“Additional senior-level appointments are planned for the coming months.”
OEG Offshore is committed to spending £7.5million on increasing its rental fleet of cabins and cargo-carrying units and is to make additional investments over the next 12 months.
Mr Heiton said: “The synergies that exist between Containental and Vertec have already resulted in successful joint projects in recent months and we are confident that pooling their resources under the OEG Offshore banner will benefit both the companies and their customers.
“The strategic distribution of our assets in locations such as Aberdeen, Europe, US, Canada, Singapore and Australia has created a global network that enables OEG Offshore to deliver quick response times to customers, regardless of where they are based in the world.
“With Containental and Vertec operating under one name going forward, we can take a more streamlined approach to the management of the business, which provides a strong platform upon which we can develop our future organic and acquisition-led growth plans in the UK and overseas,” added Mr Heiton.