AN ABERDEEN-headquartered engineering consultancy company has been bought over.
Energy services firm Global Engineering and Construction (E&C) snapped up Magma Products, established in 2001, from chairman Paul Rushton and his wife, Helen, for an undisclosed fee.
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Magma, which has consistently delivered revenues of between £5 million and £7m in recent years, will continue to trade under its existing brand name and with its current management team.
The company’s Granite City office, based in Bucksburn, and 60-strong global workforce will be retained, swelling Global E&C’s overall headcount to just under 1,000.
Global E&C bosses said Magma, which also has bases in Great Yarmouth, Houston, and Bucharest, Romania, would continue to provide commissioning and start-up consultancy services to its existing customers.
They also said Magma would become an integral part of Global E&C’s engineering, procurement, and construction offering.
Terry Allan, Global E&C deputy managing director, said: “Magma represents a significant milestone for Global E&C, enhancing our service provision and strengthening our ability to support customers in the execution of brownfield modifications and projects.
“We have worked with the Magma team several times over the years and the technical expertise in the business is first class.
“We are delighted to have Paul Rushton and his team on-board, and are looking forward to working with them over the coming years.”
Mr Allan added that Magma’s ability to support offshore wind assets would help Global E&C realise its “energy transition” objectives.
Mr Rushton said he was “extremely excited” to be joining Global E&C.
