Global Energy Group agrees triple sale

A port owner and energy sector engineer has agreed a triple sale.

Global Energy Group is offloading Port of Nigg to long-term investor Mitsui & Co. Europe.

The company is also selling fabrication business Global Energy and scaffold and access firm Global Energy Services to the investment company.

Bosses say the deal for Port of Nigg, based in the Cromarty Firth, will ready the base for the “next phase of its development” across the oil and gas and offshore wind sectors, pledging investment to expand manufacturing capacity and quayside infrastructure.

Following the deal, Inverness-based GEG (Holding) Limited – which operates as Global Energy Group – will continue to provide services at Port of Nigg through supply chain companies Global Port Services, Global Crane Services and Global Wind Projects.

It will also retain Aberdeen-headquartered energy advisory and engineering consultancy Apollo.

Roy MacGregor, Global Energy Group chair, said: “We are hugely proud to be passing on the baton at Port of Nigg.

“Having worked closely with Mitsui since 2012, we believe the time is right to let them drive the next stage of development at Nigg.

“Under their guidance, the port will continue to grow and develop, providing long-term, secure, skilled employment opportunities for generations to come.”

Makoto Takasugi, Mitsui & Co. chief operating officer of its iron and steel products business unit, added: “We are privileged to take on the stewardship of Nigg and the associated energy services businesses.

“For over 13 years, as a shareholder and board member, we have witnessed the impressive growth of Global Energy Group.

“We look forward to carrying forward that legacy, working with the skilled local teams across the three companies for years to come.”

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