Cabin specialist OEG Offshore has snapped up a local container firm in a multimillion-pound deal to expand its business in the region around the Caspian Sea.
The Dyce-based company has acquired OSCA’s entire 2,500-unit stock for an undisclosed sum. OSCA, which is headquartered at the Thainstone Business Centre in Inverurie, has operations in Azerbaijan and Kazakhstan as well as stocking locations in Russia, Congo and Angola. OSCA’s staff of 35 people boosts OEG’s global team to more than 165.
OSCA, which will retain its brand as part of OEG Group, will be led by commercial manager Donald Guthrie, who steps up to become regional director.
Bob Smith, owner-MD of OSCA, is remaining with the business as chairman of the OSCA group.
“After establishing the business in 1996, we have had tremendous success and recently worked in parallel with OEG,” Smith said.
“I have no doubt OSCA will secure further growth as part of the group.”
OSCA provides containers, associated equipment and services to the energy sector, including small and large drill cuttings boxes, container tipping frames designed to improve cutting removal efficiency, offshore cargo units, waste transport and haulage.
The company specialises in manufacturing, delivering and installing offshore units and has recently invested in manufacturing units for operations in conditions to -40C. This compares to the general standard offered by competitors of -20C.
“OSCA is a perfect fit for us, as the largest specialist provider of containers and cuttings cargo storage in the Caspian region as well as to Sakhalin and West Africa. It links seamlessly with our successful North Sea, African, Asia Pacific, Australian and Americas operations,” said John Heiton, chief executive of OEG Offshore.
“As part of OEG Group, OSCA’s market-leading position in the Caspian region provides our existing clients with key new products from stock, and introduces our wider offering to a range of new clients.”
OEG Offshore provides equipment for rental or sale from an international stock of 13,000 units across more than 20 countries.
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