Aberdeen-headquartered XL Group heads for £22m revenue
Aberdeen-headquartered XL Group, the technology and engineering outfit, is projecting to hit turnover of £22 million by the end of 2019.
The figure would represent a £14m increase in the last two years, reflecting a period of investment in acquisitions, new divisions and technology, as well as the recruitment of new people, taking the workforce to almost 100 across five locations.
Chief executive Colin Laird said: “Our accelerated growth is a result of both acquisitions and increased business across all our divisions, but particularly within Access XL, Atlantic XL and Integrity XL.
“Following a period of consolidation, during which we also invested in people and products, we’ve emerged as a robust, integrated group that has become globally recognised for solving incredibly complex challenges across diverse industries, including oil and gas.
“We’re now back on the acquisition trail and looking to invest further in our people and our technology.”
Atlantic XL, the group’s offshore telecommunications business, is close to completion of a $10 million (£7.7m) contract with Wood to design, install, commission and maintain the platform telecoms package, navigation and CCTV systems for Canadian major Husky.
The division’s chief operating officer, Karen Winsor, has been recently appointed as vice-chair of NOIA.