04/02/2013 - 12:08

Scottish company buys local fabricator

04/02/2013 - 12:08

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Scottish company buys local fabricator

Global Energy Group has made its third acquisition in Western Australia in the space of 18 months, buying fabrication business Oil & Gas Engineering for an undisclosed sum.

Oil & Gas Engineering, founded in 1997, is a family owned company with a fabrication workshop at Naval Base.

As well as general fabrication work in carbon steels, the business is a fabricator of stainless and exotic materials to the mining and oil and gas sectors.

Inverness-based Global Energy Group, which established its regional headquarters in West Perth in 2011, is building a portfolio of specialist oil & gas and energy services for the Australian and Asia Pacific regions.

It acquired staffing business GRN Australasia in 2011 and integrity inspection business Vertech in October last year.

The Australian market accounts for nearly one-sixth of its A$500 million annual turnover. OGE is expected to add about $20 million in turnover.

The company said the latest acquisition adds fabrication capability to a service portfolio that includes crew management, QA/QC inspection, rope access construction and inspection services. 

Global Energy Group CEO Iain MacGregor said: “In only our second year in Australia, we are excited to offer four of our core services to the region in the short timeframe”.

“We have been focused on acquiring fabrication facilities since day one, due to significant demand from our existing worldwide customers. 

“The OGE acquisition gives us 2,000 square metres of covered fabrication facilities to enhance our worldwide reputation in fabrication. 

“We anticipate being involved in onshore and offshore integrity projects, small module fabrication and specialist subsea equipment.”

Oil & Gas Engineering owner Mike Gibbons will remain with the business along with other core staff. 

“Becoming part of the Global Energy Group, one of Europe’s largest steel fabrication businesses, is particularly exciting for our people at OGE,” Mr Gibbons said.

“There is an obvious demand in the market for high quality fabrication, and this acquisition will ensure our facilities and people achieve their full potential.”

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