Remotely-operated vehicle company ROVOP has secured a £10m investment from the Business Growth Fund (BGF) to more than triple the size of its subsea fleet to 50 vessels over the next three years.
And the company – which employs around 130 people in Aberdeen – has also officially opened its new £4.2 million head office in the city. Set up in 2011, it registered a pre-tax profit of £2.25m for year ending September 30, 2014.
Mike Sibson, who will join the ROVOP board as investor director for BGF, said: “ROVOP is a highly professional operation with a strong business model based on the best service with the best technology. BGF’s investment will support growth of the fleet both from the UK operation, but also in the Americas where we see significant opportunity.
“Since founding the business less than four years ago, Steven Gray (CEO) and Mark Vorenkamp (Chairman) have assembled a very experienced team from across the subsea industry, and we are confident they will continue to enjoy success.”
Fergus Ewing, Scottish Energy Minister, commented: “ROVOP has a long history of working across the globe and they have shown a commitment in investing in the workforce in Scotland. This is a testament to the quality and skills of the local workforce. Scotland’s energy sector boasts strong engineering and manufacturing skills that are globally recognised across the oil and gas industry.”