ABERDEEN-BASED OSSO achieves remarkable growth in 2023 with a 75% revenue surge and a 40% increase in headcount.
In the past year, OSSO strategically invested in key sectors and regions, focusing notably on the Middle East and construction. The company’s automated solids proportional dosing solution for construction, WTS20, garnered high commendation at the Construction News Specialist Awards in 2023.
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OSSO’s commitment to the Middle East resulted in a 150% fleet expansion, a full-service portfolio introduction, and team growth. The region experienced a substantial 250% revenue increase, accompanied by the acquisition of new key accounts. A pivotal partnership agreement with National Horizons Petroleum Services in Saudi Arabia enhanced OSSO’s mud cooling services.
The company made significant strides in the heat exchange sector, establishing a dedicated PHE service centre in Aberdeen—the only one of its kind in Northeast Scotland. The growth trajectory extended into the geothermal space, with OSSO securing initial contracts and expanding services.
James Scullion, OSSO’s CEO, highlighted the company’s extraordinary success in 2023 despite global challenges. He emphasised the workforce’s crucial role in outperforming market expectations across diverse sectors.
Scullion stated, “Our targeted investments have fueled our robust growth in headcount and turnover. We are committed to continuing this level of investment in 2024 and beyond.” The company’s strategy aligns with supporting customers during the energy transition, exemplified by its advancements in the geothermal space.
Reflecting on OSSO’s geothermal offering, Scullion expressed confidence in the company’s position to contribute expertise and technology, driving the energy transition. He emphasised the strong foundation laid in 2023, setting the stage for continued momentum into 2024.
As OSSO looks ahead, Scullion highlighted the commitment to navigating challenges and contributing to the evolving energy landscape. The company’s dedication to innovation and strategic investments underscores its pivotal role in shaping the future of fluid temperature control and separation solutions.