Dundee is to benefit from the formation of a new engineering and technology group, which plans to create up to 1,000 new jobs across several UK locations.
Texo Group – set up by veterans from the engineering services sector – is aiming to create fabrication services at the Port of Dundee as it targets annual revenues in excess of £100 million.
The new company will be based in a purpose-built facility at Westhill, Aberdeen, and aims to meet the demand for integrated engineering services within critical infrastructure.
The firm hopes to employ about 200 staff between its HQ and Dundee, and hundreds more across the UK.
Chief operations officer John Wood said: “Texo Group combines decades of experience and expertise in technology, engineering and industrial services, together with significant capital investment to bring to market a fully integrated asset services solution for the global energy sector and other critical infrastructure industries.”