Two Aberdeen firms merge to create new turnkey player
- Business & Finance
Aberdeen firms Abersea Engineering and Raisepower have merged to form a new company, Mesh Global, turning over about £7 million ($8.7M) a year.
Abersea specializes 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 hydraulic & mechanical equipment 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.
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, to create a fully multi-disciplined 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.
Wilson said: “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.”
Canfield added: “The merger allows Mesh Global to grow on the reputation and track record of both Abersea and Raisepower.”