Acquisition Enhances 3sun’s Aberdeen Presence

MarineLink.com
Tuesday, August 27, 2013
3sun Group, a specialist provider of products and services to the global energy industry, has announced the acquisition of RRC Controls Services Ltd. (L-R) Graham Hacon, managing director of 3sun Group, Neil Tawse, regional director for 3sun Group and Ray Connelly, director of RRC Controls Services , who will stay on in his role.

3sun Group, a specialist provider of products and services to the global energy industry, announced the acquisition of RRC Controls Services Ltd., based in Gourdon Aberdeenshire. The deal, worth a six figure sum, is part of 3sun Group’s plans to expand its footprint in Aberdeen and enhance its service offering to the energy industry.

The acquisition of RRC Controls Services, an established manufacturer of subsea control systems for the offshore oil and gas industry, will allow 3sun to provide the global subsea market with full turnkey engineering solutions. These will be delivered at much shorter timescales from a lower cost base and all elements of a subsea system will be manufactured in-house, rather than being outsourced.

As part of the acquisition RRC Controls Services will be a wholly owned subsidiary and all current staff will be retained. It is envisaged 40 new jobs will be created between Aberdeen, Gourdon and Great Yarmouth within the first 12 months. Many of the new jobs will relate to the development of a range of new products including a deepwater control module.

Graham Hacon, managing director of 3sun Group said, “RRC Controls Services deliver high quality products and services and we have been tracking its progress for some time now. We saw an opportunity to extend beyond our past working relationships through acquisition. Bringing RRC Controls Services into the 3sun Group combines our collective knowledge and resources to provide clients with full turnkey solutions, quickly and cost efficiently. This puts us in a unique market position to serve the global subsea sector whilst extending our oil and gas portfolio. It also strengthens our position in Aberdeen, which is a key market for us.  We will retain RRC Controls Services base in Gourdon which represents 5,000 sq ft site comprising of office and warehouse space. RRC Controls Services has completed projects for many of the major oil and gas operators and we plan to draw upon this extensive experience to grow the business further, with plans to increase staff numbers significantly in the next three years.”

The acquisition of RRC Controls Services follows 3sun Group’s recent expansion into Denmark with the opening of an office in Esbjerg, to offer its range of products and services to a wider market and range of companies operating within the area.

Since the company was established six years ago, it has grown from an initial team of one to now employing 240 people across its headquarters in Great Yarmouth, England and bases in Oban, Aberdeen, Chester, Bergen Norway, Germany and in Esbjerg, Denmark. Turnover has increased from £2.4 million in 2010 to £6.5 million in 2011 to £12 million in 2012, and the group is on target to achieve £13.5 million in 2013.

Rapid growth has been achieved following the strategic acquisition of Dawson Energy in 2010, an industry leader in delivering installation and maintenance services for wind turbines, which has allowed 3sun to expand into the renewables industry. This move has in turn led to increased export activity for the group.

The group’s lead advisors for the transaction were Jon Dodge of JDC Corporate Finance and James Hunter of Mills & Reeve both based in Norwich.

3sun Group employs 240 staff and is currently working on several projects in the U.K. and Europe. The group has overseas experience in Europe, Asia, Africa, U.S. and New Zealand.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MN 100: Gencorp Insurance Group

The Company: Gencorp Insurance Group provides the Insurance and Surety needs of Marine Contractors, Vessel Operators and Shipyards throughout the country and Caribbean.

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

MN 100: Bouchard Transportation

The Company: Bouchard Transportation’s history dates back to its incorporation in 1918 by founder, Capt. Fred Bouchard, the youngest tugboat captain in the Port of New York.

Energy

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

Oil Plunge Deepens High-yield Gloom

US crude fell to a more than six-year low this week, clouding the picture for a high-yield energy sector that already faces a significant cull when credit lines are reevaluated in autumn.

Mergers & Acquisitions

IRS Opens Office in Abu Dhabi

Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office

CFSAI Shifts to New Office in New Mumbai

Container Freight Station Association of India (CFSAI) has set up a full-fledged Secretariat and moved to its new office at “Anchorage Building” in Dronagiri  Node on 26th August 2015.

Hapag-Lloyd Continues on Path for Profits

Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue

Offshore Energy

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

Yamal LNG Arctic Project in Doldrums

The massive $27 billion Yamal LNG liquefied-natural-gas venture in the Arctic Circle, a centerpiece of President Vladimir Putin’s plan for Russia has been squeezed by U.

MHI, SBG Invest in Wind Energy Startup Altaeros Energies

Mitsubishi Heavy Industries, Ltd. ("MHI") and the Suhail Bahwan Group ("SBG") have invested in Altaeros Energies, a Massachusetts-based technology company, to

Underwater Engineering

Damen's Ship with Van der Velden FLEX Tunnel Commissioned

The first ship outfitted with the Van der Velden FLEX Tunnel was named Friday, August 14th in Duisburg. The Rhenus Duisburg, the new barge combination from shipping company Rhenus PartnerShip,

Ecopetrol, JX Nippon Team Up to Explore Brazil Offshore

Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block,

Royal IHC successfully launches TSHD MAHURY

On 14 August, Royal IHC successfully launched the MAHURY, a 1,840m3 capacity twin-screw trailing suction hopper dredger (TSHD), at partner shipyard MTG Dolphin Shipyard in Varna, Bulgaria.

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.6508 sec (2 req/sec)