Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL).
The acquisition includes The Port of Nigg, a multi-sector energy port and green freeport, Global Energy (Fabrication), a multi-site fabrication and manufacturing business, and Global Energy Services, which provide scaffold and access teams.
Post acquisition, Mitsui will own 51% and MOL 49% of the three companies.
The strategic investment positions The Port of Nigg for its next phase of development as a critical infrastructure asset within the UK’s energy transition, building on its leading role in supporting the energy industry including oil and gas and offshore wind.
Mitsui has committed to further investing in the site, including expanding manufacturing capacity and quayside infrastructure to meet growing demand from a wide range of energy services sectors both for the oil and gas and offshore wind markets.
Following the divestment of the three business units, Roy MacGregor’s Inverness-based GEG (Holding) Limited - operating as Global Energy Group - will continue to offer services at The Port of Nigg through
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