Ace Winches said yesterday its £3.7m cash balance at the end of February was a “strong platform” for its future growth.
A pair of north-east oil and gas business heavyweights will bring their bust-up before a court later this year.
Aberdeenshire-based ACE Winches, a Balmoral Group company, has successfully completed a shore-pull project for a 2.7km 30” gas sales export pipeline for the Karish gas development field in the south-east Mediterranean Sea, offshore Israel.
Balmoral Group has said it remains “absolutely committed” to the growth of its Ace Winches subsidiary after announcing major changes at the top of the Aberdeenshire deck machinery specialist.
Balmoral Group has given Ace Winches a fresh cash injection and become majority shareholder of the Aberdeenshire deck machinery specialist, new documents show.
With the focus of the oil and gas industry on Aberdeen as the city welcomes Offshore Europe 2019 to new venue P&J Live, the global engineering, manufacturing, rental and service company ACE Winches is looking forward to exhibiting in the Scotland Pavilion.
Lifting specialist Ace Winches is looking to pull in new customers with partnerships in Europe and the Middle East.
A north-east firm has secured two of its biggest ever contracts as it continues to flourish following the oil and gas downturn.
A north-east firm that was badly hit by the oil and gas downturn is flourishing four years on thanks to a £10 million investment from the Balmoral Group.
Ace Winches delivered a pioneering new product for the installation and pull-in of two steel catenary risers on the Buckskin deepwater development in the Gulf of Mexico.
ACE Winches' Norwegian branch has strengthened its Scandinavian presence by relocating to the centre of Stavanger and hiring a new sales and business development manager.
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
North-east firm Ace Winches’ drive to grow its international business has gained further momentum with key appointments in Norway and Egypt.
A north-east deck machinery firm is back in the black after what has been a challenging two years for the oil and gas industry.
Balmoral Group owns more than a quarter of Ace Winches after the two north-east engineering firms struck a multimillion-pound deal, it emerged yesterday.
Two of the north-east of Scotland's best-known entrepreneurs have struck a £10million deal giving one of them a stake in the other’s business.
Ace Winches has warned up to 30 staff they are at risk of redundancy, including six apprentices.
ACE Winches has landed a spooling contract for Shell's Prelude Floating Liquefied Natural Gas (FLNG) project.
A fledgling, Aberdeen-based portfolio company backed by Lonsdale Capital Partners has appointed a chief executive with 28 years of oil industry experience.
Aberdeenshire firm Ace Winches has completed a job for Technip ahead of a project commencing on Quad 204 west of Shetland.
Oil and gas industry chiefs from the north-east have lauded the Offshore Northern Seas (ONS) conference in Norway as the perfect tonic at a difficult time for the sector.
Deck machinery specialist ACE Winches has secured a six-figure contract with an operator to support in connecting the Hebron gravity based structure (GBS) and topsides offshore Canada.
Deck machinery specialist, ACE Winches has donated a range of hydraulic pumps to help the next generation of engineers improve their skills.
Deck machinery manufacturer Ace Winches has appointed Chris Waller as its new engineering manager.
Deck machinery specialist Ace Winches has made two new appointments to its leadership team.