An Aberdeen IT services company has been taken over by a larger Norwegian-based geo-sciences provider.
Cegal, headquartered in Stavanger, has acquired 100% of the shares in Aberdeen-based Escape Business Technologies (Escape).
Cegal is an innovative provider of IT and geoscience solutions to the global oil and gas industry. The firm has a £50 million turnover and 310 staff throughout its offices in Stavanger, Oslo, London, Aberdeen, Houston, Calgary and Dubai.
The firm has expanded rapidly over the last few years, particularly within IT and software solutions helping their customers to more efficiently utilise their resources.
Escape is an award-winning, energy-focused provider of IT consultancy and infrastructure support to both UK and international companies. Escape holds preferred partner status with major vendors such as Microsoft and HP and employs 26 staff in Aberdeen and Thurso, with a turnover of £3 million.
Robin Parkinson, co-founder and Managing Director of Escape, said: “This is an exciting step for Escape following the growth we have achieved since starting the business 15 years ago. Cegal’s innovative products and capabilities coupled with their international network and expertise in the geoscience market, combines perfectly with our existing IT-support core offerings.”
Svein Torgersen Chief Executive, Cegal, added: “Escape has a strong client base in Aberdeen and this will take us a big step towards being a major player for the oil and gas industry in the UK market”.