Engineering firm gears up for growth following multi-million-pound investment
Published by Sara Simper,
Editorial Assistant
World Pipelines,
Formerly known as Fabricom until a management buy-out in 2018, Quanta EPC is a key North Sea supplier of EPC services and boasts a strong Aberdeen client-base. Its innovative approach to brownfield modifications is helping oil and gas companies increase efficiencies and maximise oil and gas production on ageing assets.
The multi-million-pound investment by Foresight Group will enable Quanta to accelerate its growth in the hydrogen, carbon capture and offshore wind markets, as well as creating dozens of new specialist engineering jobs to support clients in the energy transition and drive towards net-zero.
Nick Oates, CEO at Quanta, said: “This substantial investment is a huge statement of confidence in our business and will help us to significantly grow our capabilities as we help clients tackle various energy challenges, including the need for increased domestic energy security, extending the life of ageing oil and gas assets and driving the energy transition.
“Reports suggest that the global EPC oil and gas market is set to grow to US$80 billion over the next seven years. This, and the UK government’s drive to boost domestic energy production puts us in a fantastic position for growth.
“Formerly Fabricom, the Quanta business has more than 30-years’ experience in oil and gas engineering and we have built our unrivalled reputation on our ability to respond quickly to clients’ needs and become an extension of the client’s team.
“We will shortly be undertaking a recruitment drive to identify the right people and skills to help us continue our growth journey.”
Read the article online at: https://www.worldpipelines.com/business-news/13102022/engineering-firm-gears-up-for-growth-following-multi-million-pound-investment/
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