Aberdeen-based Dominion Gas has snapped up rival company Global Gas Supplies in a £22m deal, just 3 months after undergoing a management buyout and recently announcing expansion plans.
Dominion is already Scotland’s biggest independent supplier of industrial gas products to the offshore industry and the acquisition is likely to accelerate the firm’s overseas expansion plans, gaining a presence on the ground in West Africa, Azerbaijan and Singapore following the deal.
George Yule, chief executive of Dominion Gas, commented, “We have some real international ambitions, having opened up two factories in Norway in the last 12 months. The company is going through a fairly rapid expansion programme and the opportunity to acquire another business perhaps came 12 months sooner than ideally we would have liked, but we see it as a real kicker for our international growth programme.”
“We have been trading in some of these areas but only from our hub in Aberdeen,” Yule added.
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