Veripos to Establish New HQ in Aberdeen, UK

Veripos announced that on 23 April the company concluded an agreement with developers after receiving planning consent, for a new global headquarters and regional support base in Aberdeen.

The building will be owned by Veripos.

The purpose-built facility is in Dyce close to Aberdeen airport. Building work will start within a few weeks at a cost of approximately $4.8 million which includes the fit-out of specialist workshops, dedicated customer training facilities and state-of- the art network control centre, from where Veripos operate its precise satellite positioning services.

The building is expected to be completed and move completed in late Q4 2013.

Commenting on the news, CEO Walter Steedman said,“The commitment to this new state-of-the-art facility is another stage in the continuing success story of Veripos. As well as meeting our requirements for continued growth, moving to the new base consolidates our independence following spin-off and listing on the Oslo stock exchange in July 2012. It also demonstrates our confidence in the future of our business with further growth expected through both organicdevelopment and diversification strategies.”

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Press Release, April 24, 2013