Glasgow-based
Denholm Energy Services, a leading name in specialist energy services has expanded its engineering footprint in central Scotland. The company has acquired Glacier Welding Solutions, a weld clad overlay specialist, for an undisclosed sum from parent company Glacier Energy Holdings. The move is seen as key to further increasing Denholm Energy’s foothold in traditional energy markets and growing its UK presence.
Glacier Welding Solutions is renowned for its reliable, ethical and high-quality service provision. All management and staff will remain with the company, while continuing to be led by Robert Hutcheson as managing director. The acquisition – the third this year in the engineering division – will enhance Denholm Energy’s specialist energy engineering portfolio. It will form part of the company’s engineering division, which has over 400 staff with operations in Aberdeen, Glenrothes, Plymouth, Portsmouth, Falmouth, Bahrain, Saudi Arabia, Dubai and Abu Dhabi.
Denholm Energy’s CEO Michael Beveridge said: “The acquisition of Glacier Welding Solutions continues our growth trajectory, adding geographical presence, scale and additional specialised service offerings to what we already offer throughout Scotland and the Middle East. Two critical factors in fulfilling our acquisition strategy are the right people and the right service, and the acquisition of Glacier Welding Solutions meets both those criteria.
“I look forward to working with Robert and the rest of the team over the coming months and years to grow the business across all our geographies. All successful acquisitions are based on communal values and the exceptional ethical and professional values of Glacier Welding Solutions perfectly align with our own.”
Glacier Energy’s CEO Scott Martin said: “Glacier Welding Solutions is a great business and has been an important part of Glacier Energy over the years but, as we are now heading in a different strategic direction, the decision was made to exit the business and I am delighted that we have found an excellent long-term home for the business in Denholm Energy. I wish them and the Glacier Welding team every success for the future.”