AN international energy services group has made a multi-million pound investment in an Aberdeen engineering company in a deal that will give it a foothold in the North Sea market.
Serba Dinamik Group Holding Bhd (SDGB) plans to leverage its partnership with Wellahead Engineering as a cornerstone to build its operations and explore new markets in the region.
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The deal will also provide Wellahead, based in Dyce, with investment for growth and access to SDGB’s existing client base.
Wellahead , founded in 1998 by Mike Coutts, delivers precision machining services and engineering solutions for a variety of clients including multinational oil, gas and renewables operators. It currently employs 15 staff.
Mr Coutts will retain a stake in the business and continue his role as managing director
He said: “Wellahead has always been a successful business, thanks to our loyal and hard-working team, however this partnership with SDGB will open up new and exciting growth opportunities. It will allow us to invest in our equipment, our premises and our people and take the business to a new level.”
SDGB, which provides integrated engineering solutions to many sectors including oil and gas, operates in 26 countries and employs more than 2,000 people.
A SDGB spokesperson said: “We are very pleased to establish a strategic presence in Aberdeen, arguably the oil and gas capital city of Europe.
“We look forward to developing our relationship with Wellahead Engineering and hope that this will be a first step towards expansion of our business interests in the region.”
