ABERDEEN, UK -- EnerMech has acquired UAE-based Pavitt Energy and Scotia Oilfield Trading FZE for $5 million.
Founded in 2003, Pavitt Energy is based in the Jebel Ali Free Zone, Dubai, and specializes in large equipment rental and the supply of a personnel for onshore and offshore oil, gas, construction, and drilling projects. Equipment repair company, Scotia Oilfield Trading, is based in the northern UAE emirate of Ras al-Khaimah.
EnerMech will invest a further $7.5 million in additional equipment rental stock and building a new 60,000-sq-ft (5,574-sq-m) facility in Ras al-Khaimah. The existing Jebel Ali base will be retained and plans are in place to open a new facility in Doha, Qatar, the company says.
Pavitt and Scotia employ a total of 50 staff and have existing contracts in Dubai, Abu Dhabi, Qatar, and Kazakhstan.