A supplier of medics and HSE advisors to the North Sea has been taken over by a US firm looking to grow its footprint in the UK.
Remote Medical International (RMI) said its acquisition of HSE Offshore will help it reach its ambition of $100million (£76.6m) in revenues in coming years.
HSE Offshore has a number of North Sea clients, as well as those in other regions such as Brazil and the Gulf of Mexico, with the business having been set up by managing director Ruth Jones in 2011.
RMI, which started in 2003, provides healthcare and equipment to organisations in remote parts of the world, including the United Nations.
Chief executive Wayne Wager, who did not disclose the value of the deal, said that a North Sea presence is what it has been lacking.
He said: “We pride ourselves on being global. We have worked from time to time in over 120 countries around the world however our footprint in GMT and European countries, specifically the North Sea, has not been very comprehensive.
“We have really valued the franchise that Ruth has built in that area in providing unique services to the offshore workforce. These are the oil and gas drilling companies operating production wells in the North Sea.”
Mr Wager added that the crossover between the two in terms of the service they can offer makes the acquisition a perfect fit.
“We started the process probably six months ago in earnest. You hear about these Hollywood acquisitions but this was not that, it has been a very collaborative agreement going forward.
“RMI has more services that we provide than HSE Offshore provides today. When HSE Offshore goes back to their customers they will be able to provide a broader suite of services.
“We’re heading towards $100million US dollars in revenue. HSE Offshore is going to play a major role in helping us towards that goal.”
Ms Jones will stay on as Managing Director of HSE Offshore, which will keep operating under its own name.
She views the fresh capital coming in is an opportunity for the firm to grow its client base in oil and gas, as well as move into new areas.
She said: “With a small base it is very difficult to grow when you don’t have the personnel. We have had to manage these companies and be responsive and work very hard to please our clients.
“There’s a lot of opportunity and a lot of companies coming to us, this was a way for us to grow in terms of personnel and in terms of expertise. That’s the plan going forward.
“We want to get bigger, we are keen to work with some more companies in different sectors such as wind.”
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