Engineering company STATS Group have invested £5m in a new custom-built headquarters on the outskirts of Aberdeen.

The four acre site at Midmill Industrial Estate, Kintore, contains 40,000 sq ft of workshops, storage and testing facilities, 10,000 sq ft office space and for the first time brings together the company’s 125 UK staff in to a single location.

The new facility, including specially designed testing bays and a research and development unit, will allow STATS to expand their tooling product line and develop and build larger assets.

Formed 11 years ago by Peter Duguid and Lorraine Porter, STATS provides piping and pipeline maintenance and integrity solutions for major oil and gas operators. The company design, manufacture and install a range of patented technologies which are in demand throughout the international energy sector.

In just over a decade the company has grown from a two-person start-up business into an £17m annual turnover enterprise. Previously STATS operated from three sites at Dyce, Inverurie and Oldmeldrum but integration in to a single facility will significantly reduce costs and bring specialist design and engineering capabilities together.

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The company has a branch in Canada which employs 14 staff and focuses on opportunities in the massive Alberta oil sands region. Further expansion plans will see STATS establish regional office and workshop facilities in the United Arab Emirates and in the USA.

STATS managing director, Peter Duguid, said: "Our vision has always been for a modern global headquarters which would bring all our specialist skills and technologies under the one roof.

"The advantages include lowering our cost base and improved communications and team work which will ultimately benefit our clients. We have vastly increased working space to extend our range of tools and increase our product development and we now look forward to bidding for larger and more complex work scopes.

"While other businesses are contracting, we are determined to maintain a measured drive towards growing the STATS brand globally, and we now have the capability to recruit additional staff to achieve our objectives."

Director Lorraine Porter added: "Moving in to this purpose-built headquarter marks the start of a new chapter in the STATS story and has provided a great morale booster for everyone as we get ready to consolidate our success in new international markets."

Last year STATS entered the Sunday Times Virgin Fast Track 100 league table which ranks Britain’s leading 100 private companies with the fastest growing sales in the past three years.

(GK/KMcA)