LDC's Ramco acquires Pipetech

Following the deal, Ramco will support Pipetech's presence in the UK and will look to expand its activities in the offshore sector.

The deal was supported with additional debt provided by Clydesdale Bank.

Previous investment
LDC acquired Ramco in March 2013, in a deal that was understood to be worth more than £30m. The company was bought from Sir Fraser Morrison, who had previously backed Ramco's first management buyout in 2005.

Company
Pipetech provides environmentally friendly, water-based cleaning services to North Sea oil, gas and petrochemical businesses in Norway and the UK.

Ramco, founded in 1977 and based in Aberdeen, provides storage management and cleaning services to oil and gas wells. The company has its main presence in Norway, but is also active in the UK, China, Japan and Romania.

People
Malcolm Edward is the CEO of Ramco. May Britt Lilletvedt is the CEO of Pipetech. Mark Kerr is LDC's director for oil and gas.

Advisers
Equity – Simmons & Co (Corporate finance); Blackwood (Legal).

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