Acteon Group, the parent of subsea service firms operating globally from locations including Aberdeen, took a financial pounding in 2015 and it has predicted more turnover woe this year.
Aquatic Engineering and Construction
An Aberdeen firm which is getting ready to supply a groundbreaking piece of kit for one of the North Sea’s biggest projects is on track to return to growth this year, its boss said yesterday. Revenues at Aquatic Engineering and Construction were down by about a quarter last year as the firm, like most of its rivals, took a hit from the oil and gas downturn. But Aquatic’s early moves to restructure the business and a busy start to 2016 have boosted the company, which specialises in back deck reels.