Highlights:
- Modutec acquires majority stake in EOS Europe
- EOS Europe boasts a headcount of 40 people approx.
- Combined headcount including Modutec is 540 people.
Modutec, a leading provider of marine and offshore living quarters and technical buildings that safeguard people and equipment in demanding environments, has further expanded its capabilities by acquiring a majority shareholding in EOS Europe Ltd, a specialist provider of electrical services to the energy sector.
This partnership represents a key step in strengthening Modutec’s in-house turnkey offering, enabling the Group to support clients more effectively across the full project lifecycle.
Aberdeen-based EOS Europe has a strong track record in the energy and marine sectors, delivering critical projects for clients across the UK, USA and Norway. Its specialist services include hazardous area inspections, technical auditing and inspections, project planning and management, construction and installation, testing and commissioning, and ongoing maintenance support, alongside international procurement and design review capabilities.
This acquisition further strengthens Modutec’s position as a fully integrated provider to the global energy and marine markets.
Speaking about the investment, Modutec Managing Director, Brian Knowles, commented:
“We are delighted to complete this deal, which brings together two highly complementary businesses and strengthens our capabilities across the energy and marine sectors. EOS’ established presence in Aberdeen adds valuable expertise to our group and marks an important step in expanding our in-house turnkey services. I look forward to working closely with George McLeod and his team.”
Following the investment, EOS Europe Managing Director, George McLeod will continue in his role with the business. He comments:
“I’m incredibly proud of what we’ve built at EOS Europe, and this marks an exciting new chapter for the business. Modutec is a natural fit, with complementary capabilities and a shared commitment to quality and delivery. This partnership creates a strong platform for future growth, and I’m looking forward to working closely with the Modutec team as we continue to develop the business and support our clients.”
Recent Growth
Aberdeen-based Modutec has continued to grow strongly since joining the portfolio of investment group Envoy in 2022. The business now employs over 500 people and has an established presence in key global markets, including Abu Dhabi, Dubai, Baku, Bahrain, Qatar, Saudi Arabia and India.
In April 2024, Modutec announced a majority investment in SeaKing, the Birkenhead-based electrical engineering group providing installation and engineering services across the marine, defence, renewables and offshore sectors.
In December 2022, Modutec completed a majority investment in Glasgow-based Co-At Marine, a specialist provider of HVAC and refrigeration solutions for the marine and offshore markets. The acquisition strengthened Modutec’s capabilities across HVAC, piping and electrical solutions, supporting growing demand for efficient and sustainable systems worldwide.
About Envoy Group
Modutec is part of Envoy Group’s portfolio of over 40 companies operating across multiple sectors. Led by founder and CEO Iain MacGregor, Envoy promotes a servant leadership culture and specialises in supporting founders to build highly entrepreneurial, growth-focused organisations.
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