STATS Group acquired by Japanese giant Mitsui
- Date: 05-Jul-2023
- Source: Energy Voice
- Sector:Technology
- Country:Oman
STATS Group acquired by Japanese giant Mitsui
Japan’s Mitsui has made a successful bid for Aberdeenshire-based STATS Group, in a deal that also marks the retirement of founder Pete Duguid.
The deal will see the Kintore-based pipeline technology firm combined with Mitsui’s Iron & Steel business, with the Japanese conglomerate promising a plan for “transformation and growth”.
The value of the acquisition was not disclosed, but STATS confirmed there would be no impact on jobs.
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