Business Growth Fund News

3sun Group, specialist provider of products and services to the global energy industry, is reinforcing its ongoing commitment to the offshore wind industry with CEO Graham Hacon chairing a new special interest group. The Offshore Wind Supply Chain Special Interest Group (SIG) has been initiated by local trade organisation EEEGR (The East of England Energy Group) with the aim of addressing industry issues head on and encouraging local companies to work together. The group follows the successful Late Life and Decommissioning Special Interest Group, which was also initiated by EEEGR and has been running for the past three years. Similarly…

Broadband Satellite Services Ltd (BSS), parent company of satellite communications provider Satcom Global and marine engineering firm AND Group, has received a $10m investment from UK based organisation, Business Growth Fund (BGF). This significant investment will allow BSS to accelerate its long-term growth strategy, enabling expansion and development within the Mobile Satellite Services market, further strengthening Satcom Global’s position as a top tier distributor of services to maritime, offshore, aeronautical, media and aid customers across the globe. Ian Robinson, CEO of BSS said: “At Satcom Global and AND Group we take pride in being one of the most innovative and customer oriented players in the Mobile Satellite Services sector.

Offshore chemical engineering specialist Aubin has grown its presence in the Middle East, projecting nearly £3million worth of sales in the region this year as well as the introduction of local manufacturing. The Aberdeenshire-based company specializes in chemical solutions for the oil and gas industry, including cement and stimulation additives. With the majority of its global sales going to the Middle East, Aubin recently formed a partnership with an Abu Dhabi-based company to facilitate regional manufacturing. Aubin has recently completed a contract worth more than £400,000 for the provision of cement additives to a global operator in Iraq, and the successful conclusion has secured an additional contract to supply £1.25 million by the end of the year.

Petrotechnics, a global software solutions company, announced the completion of £6 million investment from Business Growth Fund (BGF). The investment will help fuel the next stage in the company’s aggressive global growth strategy in new geographies, new talent acquisition and ongoing innovation, including the continued global roll out of its enterprise operational performance and predictive risk software platform, Proscient. Based in Aberdeen and with offices in Houston, Singapore and Saudi Arabia…

Pipeline isolation specialist STATS Group has appointed two new directors, as it gears up for major international expansion, following a £7.8 million equity investment. Former Expro executive chairman Graeme Coutts takes on a non-executive role in what is his first appointment since retiring from the global oilfield services company last year. Leigh Howarth, former managing director of Petrofac Training Services, has joined the STATS Group board as chief financial officer. Both directors were introduced to STATS by the Business Growth Fund (BGF)…