Aberdeen subsea controls business seals management buyout
The move sees the company reverted to a new version of its original trading name, J&S Subsea Limited.
Following the MBO, the business is now wholly owned and managed by the senior leadership team, led by Matt Blair. All 17 personnel have been retained and the firm has plans to expand its engineering and production workforce over the coming months.
The business will continue to focus on refurbishing, designing, manufacturing and engineering controls for the energy sectors and providing operational support where required.
The firm also has plans to move to a new facility in the Aberdeen area that will allow it to support current operational requirements as well as providing options for expansion and “new opportunities”.
Blair, who is executive chairman, said: “We would like to thank SEA for all their support through the last few years and wish them the best for the future.
“We are well positioned to build on our reputation and experience in subsea controls and operational engineering support to drive the business forward in the UK Continental Shelf as well as overseas.
“As businesses engage further in the energy transition, the number of subsea campaigns in the North Sea is on the rise. It’s our strategy to focus on supporting these.”
A message from the Editor:
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.
The dramatic events of 2020 are having a major impact on many of our advertisers - and consequently the revenue we receive. We are now more reliant than ever on you taking out a digital subscription to support our journalism.
Subscribe to scotsman.com and enjoy unlimited access to Scottish news and information online and on our app. Visit https://www.scotsman.com/subscriptions now to sign up.
By supporting us, we are able to support you in providing trusted, fact-checked content for this website.
Want to join the conversation? Please or to comment on this article.