North-east subsea technology and service company Triton Group and four other firms are part of a five-way merger under the umbrella of Forum Energy Technologies (FET).
A spokeswoman for Triton, based at Westhill, near Aberdeen, said yesterday the move would have no impact on its 420-strong global workforce.
Formed in 2007, Triton comprises eight businesses and some smaller subsidiaries offering a range of products and services to the subsea energy industry.
It employs 110 people at Westhill.
The group is backed by Aberdeen, Houston and Calgary-based private-equity company SCF Partners, which is the majority shareholder in Houston-based FET.
FET, whose five newly merged companies have combined annual revenue of about £440million and a workforce of about 2,000 people, said Triton’s senior management team would retain their current roles in the enlarged group and be instrumental in developing new product lines.
It added: “The shareholders in FET are the same shareholders as were in the five merged companies.
“Triton was backed by SCF and the management team and this remains the case.
“The rationale underlying this . . . was to grow the businesses.
“New capital and the combined management talent are available by virtue of this transaction to accomplish the growth strategy.
“SCF has committed about £63million of new equity capital to support strategic growth initiatives.”
FET said a group of eight major banks was providing a new £282million-plus revolving credit facility, with an extra £94million provision to support growth.
SCF managing director Cris Gaut, a former senior executive at energy service giant Halliburton, joins FET as chief executive and chairman.
Mr Gaut said: “This combination brings together a group of well positioned, technical energy product companies that, on a combined basis, offers an attractive platform for growth.
“Together we will build on the experience and success achieved over the last few years at the predecessor companies, and we will capitalise on the opportunities we see before us. We already see a number of attractive opportunities and believe this will be a good time to invest in this industry.”