Advantec Aberdeen Ltd, a privately owned technology and service company in the subsea sector, has opened a new office and workshop facility at Kirkwood Commercial Park in Inverurie.
A subsidiary of Norwegian-based Advantec AS, the company is a high growth, new start business and is the second tenant to locate to the newly established commercial park.
Advantec Aberdeen, which is dedicated to the supply, service and maintenance of subsea control systems and wellhead solutions, has agreed to lease a 13,000 square foot warehouse and yard and 7,000 square foot office within the main office block for an initial period of five years with the option to extend to 10 years.
Managing director of Advantec Aberdeen Ltd, Steve King, said: "We looked at many options when identifying a site but none had the size, range of buildings and location to meet our present and future growthplans. Advantec Aberdeen is a well-funded model with immediate plans to develop and run a fleet of up to 10 state of the art intervention & workover umbilicals (IWOC) with our technology partners Advantec, Stord.
"We also plan to create a test and assembly hub for original equipment manufacturers (OEM) and operators alike. We required premises and a landlord who shared our vision of growth and a site large enough to house IWOCs, test and assembly and site integration testing (SIT) divisions.
"Kirkwood continues to works with us to supply flexible and high quality facilities that are at good value. The site is fantastic with excellent transport, communication and logistics connections and has huge propensity to permit log term growth."
Kirkwood Commercial Park has the capability toprovide hundreds of jobs to boost the local economy, with the potential development and investment value of the site estimated to be in excess of $108.6 million (GBP 70 million).
Kirkwood land director, Allan Rae said: "We are delighted to welcome Advantec to not only to Kirkwood Commercial Park, but also the North East and we look forward to working closely with them as they expand their business.
"This is our second tenant to sign up to our commercial park and we are currently handling several live inquiries. The park is in a great location for companies with direct links to the trunk road and has a wide range of flexible property options available."