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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

Energy

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

Baker Hughes to Present at Wells Fargo's 2014 Energy Symposium

Baker Hughes Incorporated announced today that the Company's Vice President and Chief Strategy Officer, Derek Mathieson, will present at Wells Fargo's 2014 Energy Symposium on Wednesday,

Mergers & Acquisitions

Fulcrum Buys BMT Snyek Technologies

BMT Group announced the sale of BMT Syntek Technologies Inc to Fulcrum Corporation. Fulcrum Corporation, based in Arlington, VA., providies customized services

BEST Readies for Mega Ships

Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST), located at the Port of Barcelona, today held a ceremony for the arrival of three new Quay Cranes (QCs),

COSL Takes Delivery of New Semisub

China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today.

Offshore Energy

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

Update: Explosion in the Gulf of Mexico

An explosion occurred aboard a production platform Thursday at West Delta 105, operated by Fieldwood Energy, resulting in one fatality and three injured. The Bureau

Underwater Engineering

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

EMGS to Map Brazil's Gas Hydrates

Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 1.5 million for a research project in Brazil. The project will use 3D EM data to map

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2553 sec (4 req/sec)