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Energy and infrastructure group Global has acquired a controlling stake in project management and controls company Prism Energy.<\/p>\n
Aberdeen-based Prism said Global\u2019s investment should help develop its technology as its targets sectors such as renewables, data centres, utilities and defence.<\/p>\n
Founder Andy Sutherland and his team of 40 will remain with the business as part of the investment.<\/p>\n
\u201cAfter 10 years of growth, we feel that this is the perfect time to welcome outside investment to fuel the next stage of our growth journey,\u201d said Mr Sutherland.<\/p>\n
\u201cWe have enjoyed long term working relationships with companies in the Global portfolio \u2013 including Apollo and Aventus Energy (Global Energy Solutions) \u2013 so there are clear synergies and we share a similar business culture.<\/p>\n
\u201cWe look forward to the cross-sectoral and regional growth opportunities that will be created by becoming part of a larger group.\u201d<\/p>\n
Gordon Farmer, director at Inverness-based Global, commented: \u201cOur investment in Prism Energy is the latest example of Global building connected capability that genuinely supports our clients and the sectors we support.<\/p>\n
\u201cAndy Sutherland and his team have earned an excellent reputation in the project management sector \u2013 particularly across the energy markets \u2013 and Prism Energy are at the forefront of a quickly evolving market for digital project management tools and support.<\/p>\n
\u201cWe look forward to exploring synergies and anticipate Prism expanding its reach and diversifying into the renewables, infrastructure, nuclear, utilities, data centres and defence markets \u2013 where Global enjoys both an established, and growing, presence.\u201d<\/p>\n
Last year Global announced a rebrand and plans for a 2,000 sqm headquarters at the Inverness Campus Freeport Zone.<\/p>\n
Building on the acquisition of six companies in the past year, the group is aiming to grow turnover from \u00a3300m to \u00a3500m over the next three years.<\/p>\n
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