Scotland’s Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies – including the port of Nigg – to long term investor, Mitsui & Co. Europe and Mitsui O.S.K. Lines (MOL).
Mitsui first invested in GEG in 2012, taking a 25.5 percent stake. Following the acquisition, the company will own 51 percent and MOL 49 percent of the port of Nigg, Global Energy Services – which provides scaffold and access teams – and GEG’s multi-site fabrication and manufacturing business, Global Energy (Fabrication).
The port of Nigg, located in northeast Scotland, is an energy port and green freeport. The facility is expected to play an important role in the development of offshore wind power generation in the UK thanks to its location on the North Sea coast. GEG said that this strategic investment positions the port of Nigg for its next phase of development, with Mitsui committing to further investing in the site, including expanding manufacturing capacity and quayside infrastructure to meet growing demand from a wide range of energy services sectors both for the oil and gas and offshore wind markets.
Masayuki Sugiyama, managing executive officer at MOL, said: “The port of Nigg plays an indispensable role in the UK’s energy transition, particularly in offshore wind, and holds substantial potential for future growth. In partnership with Mitsui, which has supported Global Energy Group for the past 13 years, we are fully committed to leveraging our expertise and experience in maritime operations to contribute to the long-term development of the Highlands and to accelerate a more sustainable future.”
Completion is expected in the summer of 2025. Following the divestment of the three business units, GEG will continue to offer services at the port of Nigg through its supply chain companies, Global Port Services, Global Crane Services, and Global Wind Projects. Mitsui’s equity in the other remaining businesses held by GEG will be sold back to its founder.
In March 2025, the port of Nigg had funding apporved by the Highlands and Islands Enterprise (HIE) to support development of the port’s inner east quay.
