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Wednesday, May 11, 2011

Global Energy Group Announces Kaymas Acquisition

Global Energy Group Announces Kaymas Acquisition

Wednesday, May 11, 2011
Global Energy Group

The Global Energy Group has further strengthened its offshore marine capability with the acquisition of a majority shareholding in Kaymas Electrical Engineering Ltd.

Global chairman, Roy MacGregor, said the acquisition would particularly enhance the capability of Global's offshore accommodation specialists Rigfit. Kaymas specializes in the provision of electrical services to the oil and gas, marine and heavy engineering industries.

Mr MacGregor said: "We have worked with Kaymas on many inspection, repair and maintenance projects over the years and have built up a great relationship. We are delighted this excellent company has decided to join the group.

"The specialist services Kaymas provide will bring a new dimension to what we are able to offer clients."

Kaymas managing director, Mike Sunderland, said: "We are very pleased to be joining the Global Energy Group, having worked with them on many occasions in the past.

"Becoming part of a large, highly successful and ambitious company like Global significantly strengthens our own capability and we are very much looking forward to continuing to grow our business as part of the group."

Mr Sunderland will be based in Global's Aberdeen facilities, working alongside Rigfit's managing director Brian Knowles, and a new office is also planned for Invergordon Service Base.

Kaymas currently employ a staff of around 70, all of whom are being retained following the acquisition. A privately owned company, based in Scotland and operating around the world, the Global Energy Group specializes in construction and maintenance of assets across a broad range of energy industry sectors.

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