Cosalt wins major contract

The Grimsby-based group said it had won a three-year contract extension with Aker worth around 1m a year.

The contract involves Cosalt Offshore fulfilling all Aker Solutions' tooling and lifting equipment requirements in the North Sea. The deal is for three years with options to extend for a further two years.

Cosalt chief executive Mark Lejman said: "We are delighted that Aker Solutions has renewed its agreement with Cosalt Offshore. This is the latest in a series of multi-million pound, long-term deals that we have secured and underpins our ongoing growth strategy in the North Sea."

Cosalt is the leading safety and workwear company in the industrial, marine and offshore oil and gas markets.

The company has a history of providing vital services and bespoke life saving and industry workwear to people exposed to hostile work environments.

Cosalt Offshore has a pan-North Sea network with 300 personnel based in Aberdeen and a further 110 at its operations in Stavanger and Lowestoft.

It has been awarded a number of long-term, multi-million pound contracts recently

with clients including PSN, BP and Subsea 7.