OIL and gas services firm Rigmar Services has bought fabrication business Riverside Engineering in a six-figure deal.
Riverside is to be rebranded as Rigmar Fabrication, with all 40 staff transferring across and its main site at Prince Charles Wharf in Dundee retained.
That includes a 40,000 square feet facility with overhead cranes, yard space and an office. The company hopes to expand the workforce in Dundee in the coming months.
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Rob Dalziel, managing director of Aberdeen-based Rigmar, said: "We have worked well with Riverside for a number of years and recognised there was an opportunity to utilise the facility and the knowledge within the business to attract the oil and gas offshore and renewables market."