Hydro Group's New £4.2m HQ Hailed

16 June 2010

First Minister Alex Salmond yesterday hailed the opening of the new £4.2 million headquarters of a subsea technology company in Aberdeen as a sign of growing confidence in the future of the sector.
The Aberdeen-based Hydro Group, which specialises in optical and electrical subsea products, has established its new research, design, engineering and manufacturing facility at Aberdeen Science and Energy Park.

The state-of-the-art premises will be used by the Hydro Group to develop a range of new products for the oil and gas industry, as well as the expanding renewables sector.

Mr Salmond said: "Hydro Group's decision to create this £4.2 million headquarters in Aberdeen demonstrates the company's confidence in the local workforce, the Scottish economy and the opportunities available in the emerging sectors of renewables and marine sciences.

"Despite the economic downturn, Hydro Group has continued to grow and build on its success, recruiting six new staff since moving to these impressive new premises."

The occasion was also welcomed by Lena Wilson, the chief executive of Scottish Enterprise. She said: "Hydro Group is an excellent example of a Scottish company expanding and growing out of the recession by capitalising on the opportunities within the global energy sector."

Earlier this year, the Hydro Group secured a major contract as part of the Wave Hub project, the largest wave and tidal energy project in the UK, and is now bidding to secure work with other domestic and international wave and tidal test sites.