More than 300 jobs have been saved at a north-east headquartered energy services firm.
Yesterday 107 workers at Richard Irvin were told the company was entering administration and they would be losing their jobs.
However it has been announced that its facilities management arm has been sold to private investment firm Rcapital, with 337 jobs transferring to the new company.
Managing director Mark Buchan said: “The acquisition of the facilities management division provides the opportunity to develop and grow the business.
“The team at Rcapital have the expertise to help us build on the strong foundations we already have.”