The deal, which is for an undisclosed sum, secures valuable specialist engineering jobs and skills, and has been secured just three weeks after Mowat went into administration. Founded in 1997, the firm provided specialist engineering, surveying, fabrication, installation and commissioning services to a wide range of clients in the energy, utility, infrastructure, transport and construction sectors.
EES provides a full portfolio of services across the engineering spectrum, from design, fabrication and assembly through to installation and inspection. The fast-growing company employs 180 staff, both on and offshore, and operates across the UK and internationally in the oil and gas, renewables, hydro and utilities sectors.
It has acquired the assets, property, goodwill and current and potential pipeline of work of Mowat and all staff will now transfer across to EES with immediate effect.
Mowat had also developed an innovative hydro-based renewable power system, which has considerable commercial potential, however the intellectual property developed thus far is not included in the deal and remains available for sale.
Joint administrator Iain Fraser of RSM Tenon said: “The deal is an excellent fit for both companies and we are particularly pleased to have secured the deal so quickly and that all remaining jobs will be saved.”