A mooring specialist company owned by oil tycoon Ian Suttie has struck an alliance with Interocean Marine Services after it acquired £5million of offshore equipment.
First Marine Solutions (FMS) and Interocean, both headquartered in Aberdeen, will work together to offer a complete package of mooring equipment and technical services as FMS Interocean.
As part of the deal FMS has bought the mooring equipment from Interocean, increasing its inventory value to £40million.
The alliance has already secured its first £1million contract on an 18-month North Sea project and has plans to introduce additional marine services, including mooring integrity and marine assurance services, to increase market penetration as well as focusing further on the renewables industry.
Interocean, part of the Rigmar Group, was established in 2007 and has completed more than 750 offshore marine operational projects worldwide in the last five years.
Established in 2010, FMS has a large quayside and warehouse facility in Montrose and, in addition, holds stock in Norway, Canada, Holland and Trinidad. The company has a team of 25 staff and contractors across its Aberdeen and Montrose bases.
Interocean also has operations in St Johns, Newfoundland, as part of a registered Canadian company, Interocean Canada. The company has a team of 40 staff and contractors, including mariners, naval architects and engineers.
Keith Nelson, chief executive of Interocean, said the alliance was a “logical step” for the two companies, which have already worked jointly on projects in the oil and gas and renewables markets for a number of years.
He said: “Merging our expertise with the advanced mooring equipment, means we can offer enhanced integrated mooring solutions at a competitive price, providing a higher quality of service, technical knowledge and kit that will be a more efficient and cost effective solution all round.”
FMS operations manager, Mike Thoms, said: “We have developed a strong, working relationship with Interocean and, having combined our range of equipment with their technical capabilities, now offer a robust and fresh option for our current and future clients.
“The alliance also allows us to further boost our large inventory of mooring equipment, which will bring additional benefits to our clients.”