XODUS Group, the fast growing oil and gas consultancy, has bought a business in Dubai to help deliver its plans to achieve rapid growth in overseas markets.
Aberdeen-based Xodus said it had acquired the business of Dubai-based Prime Energy as part of a major expansion drive in the Eastern Hemisphere.
Founded in 2010, Prime Energy has more than 30 employees and consultants.
The value of the deal was not disclosed but chief executive Colin Manson described it as the first "major acquisition" completed as part of a significant international expansion drive.
He said: "Our sights are set on expanding the business in the Middle East, Africa, India and Asia Pacific. Prime Energy has a strong focus in these areas, which will open the door to explore further opportunities in these regions."
He added the acquisition would also allow Xodus to broaden its service offering for Middle East clients. "With its focus on wells and drilling, it completes the Xodus offering. We now have the full complement of wells, subsurface and surface services to offer our Middle East clients."
The company hopes to make the Middle East operational base one of its largest. Xodus, which has won backing from the Simmons Parallel Energy private equity fund and Holland's Sunrise Energy Group, said its board was seeking further global expansion through an "active acquisition strategy".
With offices in countries including the US and Australa, Xodus has around 600 employees. It said it was aiming for organic growth to reach 1500 people by 2015.
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