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TEXO GROUP ACQUIRES CFS OFFSHORE ENGINEERING

Tuesday, October 9, 2018 

Texo Group has bolstered its fabrication capabilities with a majority shareholding in UK-based, CFS Offshore Engineering.

The engineering and technology group, which announced its launch in July is rolling out an ambitious and transformative strategy to meet the immediate and long-term strategic value-add needs of its customers

CFS Offshore Engineering, which will now become Texo CFS, provides full class approved fabrications, vessel mobilisation and demobilisation services, and a complete turnkey engineering solution to the oil and gas and renewable energy sectors.

The company operates from its existing facility alongside the River Tyne, with an additional facility currently under construction at the Port of Blyth.

Darren Carlisle, Operations Director, Texo CFS said: “This is the dawn of a new era for our business. Since our inception four years ago we have worked hard to build the business and we are now recognised as a specialist in our sector. When Texo Group approached us and outlined its strategy we were hugely impressed by their vision [to create] a unique iEPC (Inspection, Engineering, Procurement and Construction) group. Being part of Texo Group will help us reach heights that we simply would not have been able to achieve on our own.”

Andrew Robson, newly appointed Managing Director, Texo CFS commented: “This acquisition is a key component in Texo Group’s development, of which already boasts strategic quayside facilities at the Port of Dundee and now on the River Tyne and Port of Blyth; providing clients with unsurpassed fabrication and engineering solutions.”

Texo Group was formed to meet the demand for integrated engineering services within critical infrastructure.

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