Wood Group has acquired the trade and assets of Enterprise Engineering Service Limited’s (EESL) Aberdeen-based fabrication and manufacturing business following the announcement on May 26 that EESL had appointed administrators.
Wood Group said the acquisition further enhances its “asset integrity management capabilities, adding fabrication to its services, which focus on driving efficiencies and extending the life of upstream and midstream assets in the UK oil and gas sector.”
The employees of EESL’s Aberdeen-based fabrication business will transfer to Wood Group.
Dave Stewart, Wood Group PSN’s CEO said: “The acquisition of Enterprise Engineering Service Ltd.’s fabrication and manufacturing business broadens our repair order capabilities, enabling us to offer a fully integrated, end to end service that supports our clients in assuring the integrity of their assets …
“We will leverage EESL’s more than 40 years of expertise providing manufacturing and fabrication solutions to the oil and gas sector, securing jobs for the company’s current Aberdeen fabrication workforce with a view to creating new employment opportunities as we deepen and broaden our fabrication capability in the future.”
Blair Nimmo, joint administrator and head of restructuring for KPMG in the UK said: “The joint administrators are delighted to conclude a sale of EESL’s manufacturing facility and key assets in Aberdeen to Wood Group, following a successful marketing exercise.
“We were confident that the excellent market reputation and facilities attached to EESL’s manufacturing division would generate interest and we are extremely pleased to have secured a sale to a major quality company such as Wood Group.”