Subsea firm Acteon has taken on 177 workers from Proserv amid an acquisition of its field technology services (FTS) business.
A total of 106 Aberdeen-based employees will transfer, along with workers in Stavanger and Louisiana, to Acteon under its Claxon brand.
The value of the sale, expected to be completed by the end of July, has not been disclosed.
The FTS business covers cutting, friction stud welding and pipeline maintenance.
Proserv said the sale is in line with its strategy to focus on its “core” offering as a controls technology firm.
The company added that no job losses are expected through the transaction.
Chief strategy officer Davis Larssen, said: “The FTS team has been an integral part of Proserv’s portfolio for a number of years but this divestment enables both businesses to move forwards with great positivity and optimism for the future.”
Meanwhile Acteon, which is headquartered in Norwich, said the acquisition means it can provide new services across its sites globally.
Chief executive Richard Higham said: “This is a fantastic opportunity to join two complementary businesses together, firstly by adding capabilities and capacity to our UTEC Survey offering and secondly by rapid globalisation of our Claxton product and service range, particularly in Norway and the Far East.
“The subsea cutting expertise of Proserv’s Field Technology Services, with its recognised position in the decommissioning of subsea structures and pipelines, fits really well with Claxton’s existing position in the well plugging and abandonment market.”