Aberdeenshire-based marine equipment firm cheers growth of Norwegian arm

An Aberdeenshire-based firm specialising in onshore and offshore cable handling equipment, cable lay packages and deck equipment, is eyeing further global growth following the expansion of its Norwegian arm.

The firm, which launched in 2010, is headquartered in Boyndie in Banff. Picture: Abermedia/Michal Wachucik.

Banff-headquartered Motive Offshore Group launched its Motive AS premises in Stavanger in 2013 and said it has since experienced “substantial” growth into a new site in 2019 and an extension of its services through the acquisition of local flexible flowlines and umbilical testing specialist Pumptech.

Motive AS has invested the equivalent of about £850,000 since it debuted in the Scandinavian country, for example tripling its workforce.

“Commercially, 2020 was a record year for turnover exceeding budgets by 15 per cent in the region, and with work scheduled for this year, the company is on track for a promising 2021,” the business said – noting that it has appointed Arthur Price as inspection manager for the region.

Ryan Thomson, Motive AS country manager for Norway, said: “Last year was challenging for all, but at Motive we had a strong drive to work hard, continuing and modifying operations where required in order to keep the ball rolling. We have grown in size since opening operations in Norway and critical to our ongoing strategy is an investment in the local talent that Norway has to offer.

“2021 is looking promising – and with recent contract wins we look forward to further expanding operations globally and growing our team locally.”

Motive Offshore Group was launched in 2010 by James Gregg and Dave Acton, and it also has offices in Houston, Texas, and the United Arab Emirates. In 2019 EV Private Equity made a multi-million investment in the business.

A message from the Editor:

Thank you for reading this article. We're more reliant on your support than ever as the shift in consumer habits brought about by coronavirus impacts our advertisers.

If you haven't already, please consider supporting our trusted, fact-checked journalism by taking out a digital subscription.