Global Energy Group, the Inverness-based company, yesterday announced its third deal in the Australian market in as many years.
The energy services business has bought a majority stake in Perth-based offshore services firm Vertech Group for an undisclosed sum.
Vertech supplies specialist access, inspection and maintenance packages to the oil and gas industry. The company will retain its local management team with the directors retaining a 20 per cent equity stake in the firm.
Global Energy’s chief executive, Iain MacGregor, last month said the firm was on course for 45 per cent sales growth this year after reporting turnover of £250 million in its last financial year.