Two Aberdeen-based oil services companies said today they have merged.
Spex Services and Cognity said they have linked up to secure larger and more complex client projects.
The new group, which will trade under the Spex name, will employ 74 staff with an expected turnover in excess of £10million this year.
Together they will offer product development services with Cognity providing engineering design alongside Spex’s existing engineering, machining and test operations.
The managing director of Cognity, Rae Younger – who joins the Spex board of directors and will run the engineering division in the new company – said: “Both companies were looking at ways to expand and we recognised that the combined force of Spex and Cognity would allow us to offer services which are highly complementary. The move will help Cognity to expand its capabilities beyond design to include build and supply.”
John Fox, managing director of Spex, added: “Cognity brings an excellent track record in project engineering and innovation while Spex has a strong foundation of project experience to build upon including rapid prototyping and offshore services.”