Aberdeen-headquartered OEG Offshore has acquired temporary power, engineering and vessel specialist Manor Renewable Energy.
The move, part of a strategy which “massively broadens” the OEG Offshore renewables offering, covers 230 employees, all of whom will remain with the group.
Manor Renewables, based in Portland, with additional sites in Portsmouth, Glasgow and Hull, expects to double turnover from £30 million to £60 million as part of the OEG Offshore Group, as it eyes “huge opportunities” in the coming years.
The firm, whose biggest contract to date was to support and maintain over 150 generators for Orsted’s Hornsea 2 project, pointed to last week’s ScotWind announcement as showing the “ambition” of the market.
OEG said the acquisition allows it to deliver a “full offshore package” of topsides and subsea services for offshore renewables across Europe, Asia and North America, where Manor has experience.
Manor chief operating officer, Toby Mead, said: “One only has to review last week’s Scotwind announcement of 17 projects and up to 25GW of capacity to see the ambition of the market and the speed at which it now moves.
“Ten of those projects are due to use floating technology and being part of OEG allows us, in combination with other group companies to provide a complete package of services across survey, subsea and topside solutions. It’s an exciting time.”
This marks the latest in a flurry of acquisitions for OEG, which acquired offshore welfare company Pegasus Welfare Solutions and radio communications firm Fern last year, along with Hughes Subsea Services in November.
Dan Greeves, OEG’s head of renewables, said: “We see Manor Renewables Energy as a focal point to build our topside business and key to our strategy of becoming fully integrated.
“We are already bidding for projects with multiple services on offshore wind projects and, by our acquisition strategy, can offer technical experts in each of the fields in the package.
“We will now integrate MRE’s services into our offering such that the client can choose a full service or separate bundles, but if we are going to do integrated services, we do it wholeheartedly – and do what we do best.”
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