More than 50 jobs have been saved after Aberdeen-headquartered Aiken Group was bought out of administration in a pre-pack deal.
Aberdeen and Inverness based Global Energy Group is the new owner of Aiken, a supplier of offshore accommodation modules.
Administrators from KPMG said Aiken suffered after making hefty investments in equipment before the recent oil and gas downturn.
Aiken’s directors tried and failed to secure fresh funding to help company overcome the “challenging trading conditions” of recent years.
More to follow.