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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

IBIA Celebrates 23th Annual Dinner

Association appoints new board members and sets priorities for the future   The International Bunker Industry Association (IBIA) has appointed three new members

OSV Delivered to MC2 in Dubai

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Energy

Eni, Exxon, Statoil Win Irish Offshore O&G Licences

The Irish government said on Thursday it had awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil , allowing them to explore for hydrocarbons off the coast of Ireland.

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Total Proposes 0.61 ‎€ per Share Dividend

The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.

Mergers & Acquisitions

Rosneft, Pietro Barbaro Form JV for Shipping

Rosneft and Pietro Barbaro S.p.A. signed a Memorandum of Understanding with the scope of creating a Joint Venture (JV) in the area of international shipping. The

QP, Chevron Ink Offshore Moroccan Deal

Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from

R&M Group Merges with Sea Level Marine

R&M Ship Technologies USA, Inc. has merged Sea Level Marine, LLC. in efforts to increase the range of services offered to the company’s global client base. By aligning resources,

Offshore Energy

Eni, Exxon, Statoil Win Irish Offshore O&G Licences

The Irish government said on Thursday it had awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil , allowing them to explore for hydrocarbons off the coast of Ireland.

Neptune Awarded Kitan Contract

Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore

SBM Offshore: US Authorities Reopen Corruption Probe

SBM Offshore, the world's top oil production ship leasing company, said on Wednesday that U.S. authorities had re-opened an inquiry into bribery allegations involving the Dutch company.

Underwater Engineering

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Neptune Awarded Kitan Contract

Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore

Aker Joins Johan Sverdrup Phase 2 Study

Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades.

 
 
Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
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: 0.1352 sec (7 req/sec)