The Aberdeen-based group delivered a 20% year-on-year sales increase, driven by strong financial performance across both its cargo logistics and renewables segments.

A major strategic milestone was the group’s acquisition by US asset manager Apollo, a transaction valuing the business at over $1 billion (c. £750m). This partnership is set to support OEG’s long-term growth ambitions, which include an annual revenue target of £800m by the end of the decade.

Expansion remained a key theme throughout the year. The acquisition of Trinity Rental Services in July significantly strengthened the firm’s North American presence, increasing its global fleet to over 80,000 cargo carrying units (CCUs). Additionally, OEG entered new markets including Namibia, Poland, and South Korea, and secured its largest-ever CCU contract in North America.

To support this scale, the workforce grew by 20% to more than 1,500 employees, with over 300 staff based in Aberdeen. The company also consolidated its operations under a single unified brand and moved into a new headquarters at the ABZ Business Park in Dyce, alongside opening a state-of-the-art wind farm monitoring facility in Edinburgh.

Chief Executive John Heiton described the year as one of “significant progress”, noting that the group’s diversified model across traditional oil and gas and renewables provides the resilience needed to navigate short-term market variability.