OEG Renewables, the offshore wind subsidiary of OEG Offshore, has acquired 23 Degrees Renewables (23D).
23D, based in Aberdeenshire, is a nearshore and onshore power installation contractor, specialising in HVDC/HVAC and submarine cable projects, across a range of industry sectors including power transmission, renewable energy and telecommunications.
The firm employs approximately 100 experienced staff and maintains a pool of specialist contractors to deliver projects in the UK and Europe.
John Heiton, CEO of OEG Offshore, said: “We are delighted to acquire 23D, which we are confident will bring significant benefits to both companies and aligns with OEG Renewables’ growth strategy and developing integrated cable and subsea offering.”
Grahame Tate, Managing Director and Founder of 23D, added: “The acquisition gives 23D the opportunity to offer integrated scopes of work together with the wider OEG Renewables offering and as well as strengthening our position in the UK and Europe, gives us the platform to expand worldwide.”