Energy services firm Hydrasun is investing £3million in its specialist manufacturing facility at Aviemore, creating 20 jobs.
The expansion is being backed by a £500,000 grant from Highlands and Islands Enterprise (HIE).
The cash injection will fund upgrades to its existing 15,000sq ft facility at the Myrtlefield Industrial Estate and will allow for the purchase of manufacturing equipment, creating 20 skilled jobs, the firm said.
Bob McAlpine, Hydrasun chief operating officer, said: “The investment in Hydrasun’s Aviemore facility positions us well to meet the demands of the subsea market and realise major growth opportunities.
“The expansion will increase our manufacturing capacity and technical capability to offer bespoke innovative solutions to our customers.
“Furthermore, the investment enhances our ability to offer an integrated and shortened supply chain, which will help reduce risk to our customers by standardising manufactured parts, enhancing product traceability and allowing full integration with their supply chain processes.”
Last year Hydrasun was acquired by Bahrain investment fund Investcorp in a deal thought to be worth £160million.
In the same year, the Aberdeen-based firm broke through the £100million turnover mark thanks to a boost in global sales.
In addition to the investment from HIE, Hydrasun has received training support from Skills Development Scotland (SDS).
Susan Addison, account manager at HIE, said: “We are delighted to be supporting Hydrasun to undertake such a significant expansion project in Aviemore. The company have long-term plans and this investment shows that Aviemore remains fundamental to its global strategy.
“Hydrasun have already shown an impressive economic performance, with the company expanding significantly in the past few years. Investment in its employees and their training and development has proved integral to the success of the company and this will continue with this new expansion project.”
Hydrasun specialises in integrated fluid transfer control equipment and services for the oil and gas, petrochemical and marine industries worldwide.
In January the firm said it had seen employee numbers grow by 11% in 2013, to more than 670 globally. It has about 350 people working at its north-east headquarters.