Orca Subsea acquisition keeps Texo spree going

Engineering and technology firm Texo Group has snapped up family-run Aberdeen firm Orca Subsea in its latest acquisition.

The former Orca Subsea business will form Texo Marine, a subsidiary focusing on engineering services for diving and remotely-operated vehicle applications.

The acquisition value was not disclosed.

Texo Marine will be based at group headquarters in Westhill, near Aberdeen, and will benefit from substantial investments in new equipment.

Orca Subsea launched in 2015 and had offices at Waterloo Quay.

The business was controlled by Mike Masson and his sons, Callum and Greig.

Mike’s career in the oil and diving industries began in the early 1980s and involved a spell at Mermaid Subsea Services.

Callum held commercial roles with Forum Group and Technip, while Greig had stints at Subsea 7, FMC Technologies and Technip before joining Orca.

All three are staying with Texo Marine and will run the business, with Callum taking on the managing director’s role.

Callum said: “Since our inception we have worked hard to stay ahead of the curve in developing solutions for our client’s diverse needs.

“When Texo first approached us and presented their vision for the iEPC group we were astounded by its sheer depth of offering; the group has assembled an enviable solution for clients and their assets.

“Being part of Texo Group will give us the necessary support to help drive even further growth in the business.”

Texo Group managing director Robert Dalziel said: “We are redefining the landscape for the provision of integrated asset services, based on client needs.

“This acquisition is another example of our buy and build strategy in helping us achieve this.

“We are delighted to make this announcement and welcome the Orca team to the Texo family.”

Texo Group’s wealthy backers have an ambition for it to become a leading inspection, engineering, procurement and construction specialist for sectors including oil and gas, clean energy and renewables, marine, nuclear, telecom, utilities and critical civil/infrastructure.

Texo Group is expected to create up to 1,000 new jobs across multiple UK based locations and generate annual revenue in excess of £100 million.

Last month, the group announced its maiden acquisition, snapping up Peterhead-based consultancy Navitas Compliance Solutions for an undisclosed sum.

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