MacArtney buys Callidus Subsea

November 28, 2014

Offshore systems supplier MacArtney UK has announced the acquisition of Ellon-based Callidus Subsea.

The acquisition supports MacArtney UK’s targets to become a market leader in the design and production of cable assemblies and moldings.

MacArtney UK currently employs 54 staff and produces a wide range of offshore marine equipment from cables and connectors to underwater cameras  and electronics.  All six Callidus Subsea employees will join MacArtney UK at their Dyce facility over the next few weeks.

The owners of Callidus Subsea, Mike Callaghan and Derek Woodrow, will also transfer to the company.

David Buchan, managing director of MacArtney UK said: “We have ambitious plans to become a market leading cable  moulding and assembly provider and the strategic acquisition of Callidus Subsea will help us achieve that goal. Callidus Subsea and their staff have a lot of experience operating in the North Sea and that expertise is of great value to MacArtney UK. I look forward to welcoming our new colleagues into the MacArtney organization.”

Last week the company announced a record-breaking turnover of £18.2 million, growing by 18% on 2013’s total.

Buchan added: “The acquisition of Callidus Subsea is a great conclusion to 2014. MacArtney UK has had an exceptional year which is testament to the hard work and dedication of all our employees.  The next twelve months will be an exciting and fruitful period for us.”



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