Offshore living quarters firm grows with acquisition

A marine and offshore living quarters firm has expanded with an acquisition.

Modutec has bought a majority shareholding in EOS Europe.

Bosses say the move for the energy sector electrical services provider will deliver a “key step” in strengthening Modutec’s market offer.

Based in Aberdeen, Modutec’s portfolio includes fit-out and refurbishment of offshore vessel and platform living quarters, and heating, ventilation, air conditioning and electrical work.

EOS Europe, based on the outskirts of Aberdeen, delivers services including hazardous area inspections and project planning and management to clients across the UK, US and Norway.

Under the terms of the deal, EOS Europe managing director George McLeod will remain with the business.

Brian Knowles, managing director at Modutec, which operates within investment group Envoy’s company portfolio, said: “This deal brings together two highly complementary businesses and strengthens our capabilities across the energy and marine sectors.

“EOS’ established presence in Aberdeen adds valuable expertise to our group.”

George added: “This marks an exciting new chapter for the business.

“Modutec is a natural fit, and this partnership creates a strong platform for future growth.”

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