Engineering firm acquired
Valor adds North Sea Power Solutions in third deal
Done deal: Graeme Harper and John Ferguson
Valor Energy Group, the Aberdeen-based collection of oil and gas companies, has acquired electrical engineering specialist North Sea Power Solutions (NSPS), also based in the city, in a seven figure deal.
The acquisition sees NSPS become the third company to join Valor in the past 12 months, complementing the engineering offering within the group.
Valor will look to internationalise NSPS, capitalising on existing Middle East contracts, and maximising the impact of NSPS in the region.
Jordan Ferguson, business development director at Valor, said: “The acquisition of NSPS is a significant contribution to our development strategy and will make a major impression in our ambitious growth targets across the business.”
Established in 2012 by managing director Graeme Harper, NSPS employs a core team of 12 and the business has seen continual growth.
Mr Harper said: “The company has gone from strength to strength while delivering against client expectations on projects.”
He said he looked forward to taking the company to the next level and it was already reaping the reward of cross group collaboration.