3t Energy Group’s deal to buy Petrofac’s Aberdeen and Montrose training centres has successfully made it across the line.
The acquisition, hailed by the private-equity backed firm as “transformational”, includes Petrofac’s survival and marine, health and safety, fire and major emergency management capability and facilities.
As part of the sale, the value of which has been undisclosed, 104 employees will transfer to 3t.
The three locations changing hands are the marine training centre in Aberdeen Harbour, survival centre in Altens, Aberdeen and the fire ground in Montrose.
Petrofac said the deal, which was announced earlier this year, is in line with its strategy to combine “industry expertise with technology” to accelerate and assure competence.
The energy services firm’s training offering in the UK now comprises, digital content development, provision of proprietary learning and competency management software and emergency response and crisis management services.
Patty Eid, global head of Petrofac Training Services, said: “We have refocused our North Sea offering with an emphasis on digital competency management, online learning and emergency response. Further afield, these skills continue to bolster our international training proposition and pursuit of in-country value, by providing our global client-base and their workforce development and nationalisation programmes, with access to the latest digital tools.
“Our UK training instructors have been bringing people home safely for four decades, setting many firsts along the way. We’re exceptionally proud of that heritage, and the contribution of the team over that time. We thank them for their service and look forward to their continued success under the stewardship of 3t Energy Group.”
Blue Water Energy backed 3t will now be responsible for supplying in-person training to Petrofac.
The deal adds marine training and further major emergency management capabilities to its repertoire, as well as consolidating the firm as the UK’s largest provider of global energy training services.
3t said the purchase of Petrofac’s assets compliments its “state-of-the-art” digital learning and workforce development technology, 3t Transform.
Kevin Franklin, CEO of 3t, said: “Buying Petrofac’s UK in-person training presence was an excellent opportunity that we had to explore. It allows us to extend our customer offering and demonstrates our commitment to providing the very best training to the energy industry.
“We’re proud that our state-of-the-art training makes our clients’ businesses safer, more efficient and more profitable. With Petrofac’s strong training pedigree and world-class staff, the acquisition both broadens and strengthens our market leading offer.”
Mark Corrigan, chairman of 3t, says: “This is a strategic acquisition for 3t Energy which will have a transformational impact on the Group. The deal expands our portfolio of services and our training now reaches most parts of the energy eco-system, including the fast-growing renewables sector.
“The deal also perfectly complements our market-leading digital learning and workforce development technology, which is 3t Transform.
“As we all hope the world returns to some normality after a tumultuous 2020, we believe there will be a huge opportunity for us to grow our business further as companies and individuals focus on upskilling and core competencies to meet the challenges of the post pandemic economy. This acquisition reinforces our capabilities as a leader in the sector.”
