Deals
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
  1. 01“Point and Shoot” Mobile Commerce Provider Mobile Acuity Secures Funding - Significant investment to fund growth in U.S. and East Asian markets
  2. 02Debt Facilities of £0.9m Secured
  3. 03Funding Secured for Intelligent Well Controls Limited
  4. 04Deal Initiator & CF Adviser to Leisure Group
  5. 05Disposal of Specialist Coatings Business
  6. 06Refinancing Completed
  7. 07Sonis Europe Completes Funding Round
  8. 08Investment Secured for Rail Engineering Business
  9. 09£500,000 Funding Boost for Albagaia
  10. 10Innovation Grant Secured of £1m
  11. 11Succession Planning Exercise
  12. 12Acquisition of Oil & Gas Business for £5m
  13. 13PressureFab Group invests circa £1m in Dundee
  14. 14Follow-on Funding for Software Business
  15. 15Blipfoto secures new funding for international growth
2012 deal

PressureFab Group invests circa £1m in Dundee

PressureFab Group, a supplier of transport and development equipment for the offshore oil and gas industry, will invest £935k to upgrade its Scottish facility, which will create 25 jobs over the next two years.

The upgrade will enable PressureFab Group to take advantage of future demands from the oil and gas industry, as well as the emerging renewable energy sector. In support of this investment, the company has been awarded a £250k Regional Selective Assistance grant from Scottish Enterprise; this grant was successfully identified, applied for and its application project managed by DC Consulting

Hermann Twickler, managing director of PressureFab Group, said: “This investment package is urgently required to sustain further growth for the group and to enable us to compete on the world market, as well as within the Scottish offshore sector. PressureFab Group is also now ready to handle any new challenges and opportunities that the developing renewable industry may bring. Part of the investment will be used to purchase heavy duty CNC plate forming and rolling machinery, as well as industrial coating and shotblasting facilities. These additions will enable PressureFab Group to improve productivity with an aim to double capacity and production output.£

Since it moved into its Scottish facility two years ago, the firm has created nearly 40 new jobs in Dundee. Mr Twickler added: “We are currently recruiting for several positions, including at least ten welders, and hope to increase our staff numbers by more than fifty per cent over the next two years.”

Scottish energy minister Fergus Ewing said: “Scotland’s oil and gas sector leads the world, and makes an immense contribution to our economy, thanks to our expertise and innovation. With more than half of the value of the North Sea’s oil and gas reserves yet to be extracted, oil and gas will remain an enormous economic resource for decades to come.

“The Scottish Government’s oil and gas strategy promises increases in public sector support to companies with significant growth prospects.”

All 2012 deals
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