Engineering services group EnerMech has taken a majority stake in Aberdeen-based maintenance, inspection and integrity specialist MInteg Ltd.
MInteg provides a range of specialist maintenance, integrity and inspection services to the oil, gas and renewable energy industries.
The business will continue to trade under the MInteg brand. MInteg currently have 45 staff and it is expected the workforce will double by the end of 2018.
MInteg founder Colin Smith and maintenance experts John Bruce and Patrick Gallagher – who recently joined MInteg from operator Apache North Sea – have relocated across the city to EnerMech’s Aberdeen headquarters.
EnerMech said the investment, for an undisclosed sum, was part of an ongoing strategy to broaden its range of engineering services and to optimise support for late-life hydrocarbon assets by safely reducing costs and improving asset integrity.
EnerMech chief executive officer, Doug Duguid said MInteg was a “highly scale-able business” and whilst the initial focus would be on the UK market, EnerMech would support its global ambitions by rolling out its services to existing clients in Africa, Australia and the US.
He added: “Customers have indicated they would welcome an inspection and integrity offering as well as a wider maintenance offering which encompasses rotating machinery and the MInteg management team are one of the most experienced in the industry in this regard.
“With a focus on minimising costs for our clients while creating more cohesive and co-operative business models, this acquisition is consistent with our ambition to be recognised as the prominent provider of integrated services.”
Set up 10 years ago in Aberdeen, EnerMech now employs 3,000 people in oil and gas engineering services around the world and had a turnover of more than £300 million last year.
5 Jan 2018