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Saturday, January 18, 2020

Merger creates £7m turnover turnkey operation

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Aberdeen firms Abersea Engineering and Raisepower have merged to form a new company to be called Mesh Global with an annual turnover of about £7million a year.

Abersea, which won the gong for business success under three years at last year’s Elevator Awards, specialises in mechanical, electrical, software, bespoke system design/manufacturing and project management and consultancy services for a wide range of clients.

It has teamed up with Raisepower, specialists in the refurbishment, assembly and testing of blowout preventer control systems for the offshore oil and gas industry, in order to combine their services into a more complete turnkey package.

Mesh Global, with operations in Aberdeen and Weston-super-Mare, has four directors – Barry Canfield and Scott Harper from Abersea and Mike Smith and Nicola Wilson from Raisepower – who each own 25% of the enlarged company.

Mr Harper said the two firms had been working together for a while, so the formal merger made perfect sense.

He added: “Essentially, we are bringing together two businesses into one, fully multi-discipline company.

“This is a significant step for all involved as it has given both companies the opportunity to fast-track previous forecasted growth and at a reduced cost.”

Because the two firm’s services were complementary, the merger will deliver cost savings for clients who previously had to deal with two separate companies, he said.

Ms Wilson said: “We are extremely excited to embark on this new venture.

“Our operational drilling experience coupled with Abersea’s manufacturing background allows us to provide our customers with a fully integrated service from a truly multi-disciplined company.”

Mr Canfield added: “The merger allows Mesh Global to grow on the reputation and track record of both Abersea and Raisepower.

“Combining our creative teams gives us scope to bring more innovative products and services to our clients, while still producing the first-class service they expect.”

The tie-up is expected to create more jobs at Mesh, which currently employs 19 people, and pave the way for new premises in the north-east.

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