Stats US growth, Neuvior funds, Balmoral Comtec sold – Daily Business

Stats new US facility in Texas

Pipeline engineering firm Stats Group has expanded its North American operations with the opening of a manufacturing facility in Rosenberg, Texas.

Its existing office in Houston, Texas, will support the new facility, which marks Aberdeen-based Stats’ first dedicated manufacturing capability in the United States and represents the largest single capital project in the company’s history.

The expansion is a direct response to increasing demand from operators for shorter lead times, and products manufactured locally in the US.

It represents an important step in Stats’ growth strategy. Increasing manufacturing capabilities in the US and aligns with the company’s long-standing approach of investing in infrastructure and workforce in local markets.

Aircraft parts manufacturer acquired

Scottish aircraft parts manufacturer Aeropair has been acquired by Filetec which said that buying parts of the business would complement operations at its Amersham facility.

Glasgow-based Aeropair employed 16 staff when it collapsed into administration. Most of its assets have been sold in the deal.

The company had previously operated from a smaller facility in Renfrew until November 2023, when due to the demand in the market, it moved to the larger facility in Glasgow.

Varun Cruz: mission

AI funding deal for Neuvior

Scottish Enterprise is backing a feasibility by Neuvior Pharmaceuticals, based in Glasgow, into the use of AI in the deployment of medicines.

The company, which was set up last year, has been awarded £99,000 in Smart: Scotland funding to support a nine-month feasibility study.

The longer term aim is to help the NHS make faster, better-evidenced decisions on generic medicines while keeping clinical, regulatory, financial and governance judgement within human teams.

Varun Cruz, founder of Neuvior, said: “This award supports Neuvior’s mission to build medicines intelligence infrastructure for the NHS and healthcare systems globally. Across healthcare, the challenge remains turning medicine opportunities into measurable value.”

Balmoral Comtec sold

An offshore energy specialist founded in Aberdeen in 1980 and employing 400 staff has been sold to a German multinational.

Balmoral Group has agreed a sale of Balmoral Comtec to Freudenberg Flow Technologies – a privately held business operating in more than 60 countries and employing some 52,000 people. Financial terms have not been disclosed.

Balmoral Comtec has workers across Aberdeen, Glasgow and Houston in the US. It designs, manufactures and tests polymer-based products for offshore energy markets, including oil and gas and renewables.

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