Modutec
Modutec is an Aberdeen-based offshore engineering firm supplying marine and offshore living quarters, technical buildings, HVAC, and electrical services to energy, marine, defence, and offshore wind operators across the UK, USA, and Norway.
- Company typePrivate
- Founded2002
- HeadquartersDyce, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Modutec does
Modutec is an Aberdeen-based, privately held offshore engineering firm founded in 2002 that designs and supplies marine and offshore living quarters and technical buildings for the oil and gas and offshore wind sectors. Through a sustained roll-up acquisition strategy, the company has assembled an integrated platform comprising three majority-owned subsidiaries: Co-at Marine (offshore HVAC, acquired December 2022), SeaKing (marine electrical engineering, acquired April 2024), and EOS Europe (electrical services and hazardous area inspections, acquired April 2026). The combined group employs approximately 540 people and serves clients across the UK, USA, Norway, and broader Europe and Africa.
The company operates a project-based professional services and equipment supply model, generating revenue through turnkey contracts spanning hazardous area inspections, construction, installation, testing, and maintenance for energy, marine, defence, renewables, and offshore wind operators. Its go-to-market is direct enterprise sales targeting major offshore operators, with no disclosed marketplace or channel partnerships. The integrated offering positions Modutec as a single-source vendor for complex offshore technical projects, reducing client coordination overhead across fragmented specialty providers.
Modutec's growth has been entirely inorganic, with three completed majority acquisitions over approximately four years expanding both capability set and geographic footprint. The company has no disclosed institutional investment, no parent entity, and no public listing, suggesting founder or management-controlled ownership. Revenue, pricing, and financial performance metrics are not publicly disclosed.
Modutec firmographics
Firmographics- Name
- Modutec
- Legal name
- Modutec
- Website
- https://modutec.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Modutec is an Aberdeen-based offshore engineering firm supplying marine and offshore living quarters, technical buildings, HVAC, and electrical services to energy, marine, defence, and offshore wind operators across the UK, USA, and Norway.
- Ownership category
- akta.pro rank
Modutec industry classification
Industry- Product category
- Offshore Engineering Services
- NAICS
- Heavy and Civil Engineering Construction (237), Other Heavy and Civil Engineering Construction (237990), Ship Building and Repairing (336611)
- SIC
- Construction - Special Trade Contractors (1700), Heavy Construction Other Than Bldg Const - Contractors (1600), Special Industry Machinery, Nec (3559)
- akta.pro primary industry
- Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI)
- akta.pro secondary industries
- Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE), Wind Component Service, Repair & Refurbishment (Blades, Gearboxes, Bearings) (EUAMACAI), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)
Keywords
Where Modutec is headquartered
LocationHeadquarters
- HQ city
- Dyce
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Modutec business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Turnkey Project Services: Provides integrated project services across the full lifecycle including hazardous area inspections, construction, installation, testing and maintenance for energy and marine clients. Revenue generated through project-based contracts and ongoing maintenance services.
Go-to-market motion1 record
Modutec product offering
Product offeringCore offering
Modutec is an Aberdeen-based offshore engineering firm that designs, builds and refurbishes marine and offshore living quarters and technical buildings for the oil and gas and offshore wind sectors. The company delivers integrated turnkey project services spanning hazardous area inspections, construction, installation, testing, maintenance, marine electrical engineering, and offshore HVAC solutions across the UK, USA and Norway.
Product overview
Modutec is an offshore engineering firm offering a portfolio of integrated solutions for the energy, marine, offshore wind, oil and gas, renewables, and process sectors. The company provides marine and offshore living quarters and technical buildings as its core product, supplemented by specialized engineering services through acquired subsidiaries: SeaKing (marine electrical engineering), Co-at Marine (offshore HVAC solutions), and EOS Europe (electrical services including hazardous area inspections, construction, and maintenance). The combined portfolio enables Modutec to deliver turnkey solutions across the full project lifecycle, serving clients in the UK, USA, Norway, Europe, and Africa.
Differentiator
Problem solved
Functional benefit
Products and services
- Marine and Offshore Living Quarters & Technical Buildings
- Marine Electrical Engineering Services
- Offshore HVAC Solutions
- Hazardous Area Electrical Services
- Turnkey Project Services
Companies that use Modutec
Customer profileSegments4 records
Ideal customer profiles4 records
Modutec technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Modutec partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- EOS EuropecoreModutec acquired a majority stake in EOS Europe, an Aberdeen-based electrical services provider specializing in hazardous area inspections, construction, installation, testing and maintenance for energy and marine sectors. EOS Europe Managing Director George McLeod continues in his role. The partnership strengthens Modutec's turnkey offerings and expands capabilities across UK, USA, and Norway markets.
- SeaKingcoreModutec acquired a majority stake in SeaKing, a marine electrical engineering group based in Birkenhead. The acquisition expands Modutec's portfolio in marine, defence, renewables, and offshore sectors. Supports development of integrated technical solutions for sophisticated marine asset requirements.
- Co-at MarinecoreModutec acquired a majority stake in Glasgow-based Co-at Marine, a specialist in offshore HVAC solutions. The acquisition expands Modutec's capabilities in marine, offshore, renewables, and process sectors across UK, Europe, and Africa.
Scale indicators3 records
Recent moves3 records
Expansion highlights5 records
Modutec competitors and assessment
Company assessmentDirect peers
- Saipem: Italian-based offshore engineering and construction contractor with EPCI capabilities for offshore wind, oil and gas, and marine projects globally. Directly comparable to Modutec in turnkey offshore services, though Saipem operates a far larger asset base including vessels and fabrication yards.
- Lamprell: UAE-headquartered offshore construction and engineering firm with fabrication yards serving offshore wind and oil and gas clients. Comparable to Modutec in offshore fabrication and project delivery, though primarily focused on larger structural fabrication rather than accommodation modules and electrical services.
- Subsea 7: Offshore engineering, construction, and subsea services provider with strong North Sea presence and significant offshore wind exposure. Comparable to Modutec as an offshore services partner to major operators, though focused on subsea installation rather than topside living quarters and electrical work.
- Aibel: Norwegian offshore and onshore engineering firm with strong North Sea and offshore wind presence, providing turnkey services from concept through operations and maintenance. Closely comparable to Modutec on North Sea service delivery model and offshore wind exposure.
- Floatel International: Sweden-based provider of offshore accommodation vessels and floatels serving oil and gas and offshore wind operators. Most directly comparable to Modutec's core living-quarters and accommodation focus, although Floatel operates vessel-based rather than topside module-based accommodation.
- Aker Solutions: Norwegian-headquartered offshore engineering and EPC firm serving oil and gas, offshore wind, and marine clients across the North Sea, UK, US, and Norway. Highly comparable to Modutec on geography, offshore wind and O&G exposure, and turnkey service delivery model — though at significantly greater scale.
Broad incumbents
- TechnipFMC: Global offshore EPC and subsea services provider with significant North Sea and offshore wind project exposure. Comparable to Modutec's energy and marine turnkey orientation, but at substantially greater scale with integrated vessel and fabrication capabilities.
- Wärtsilä: Finland-based marine and energy technology group offering lifecycle services, electrical and automation solutions, and offshore marine systems. Overlaps with Modutec's marine electrical, HVAC, and lifecycle services positioning, but operates as a much broader portfolio player rather than an offshore specialist.
- Bilfinger: Germany-based industrial services provider with significant offshore and energy industry exposure, including maintenance, inspection, and engineering services across Europe. Comparable to Modutec's inspection, maintenance, and lifecycle service positioning, though operating as a broader industrial services firm.
- McDermott International: US-based offshore engineering, procurement, construction, and installation (EPCI) contractor serving oil and gas and offshore wind clients. Overlaps with Modutec's offshore turnkey offerings across the full project lifecycle, though at a much larger global scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Modutec social profiles
Digital presenceModutec financial estimates
Financial estimateRevenue estimate
Valuation estimate
Modutec leadership team
Management profileNumber of profiles
Modutec subsidiaries and ownership
Company hierarchySubsidiaries3 records
Modutec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Modutec M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Modutec
What does Modutec do?
Modutec is an Aberdeen-based offshore engineering firm that designs, builds and refurbishes marine and offshore living quarters and technical buildings for the oil and gas and offshore wind sectors. The company delivers integrated turnkey project services spanning hazardous area inspections, construction, installation, testing, maintenance, marine electrical engineering, and offshore HVAC solutions across the UK, USA and Norway.
Is Modutec a public or private company?
Modutec is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Modutec founded?
Modutec was founded in 2002. It employs 101 to 250 people.
Where is Modutec based?
Modutec is headquartered in Dyce, United Kingdom, in the Europe region.
How does Modutec make money?
One revenue line is on record: turnkey Project Services.
Who are Modutec's main competitors?
Direct peers on record are Saipem, Lamprell, Subsea 7, Aibel, Floatel International and Aker Solutions. Broad incumbents are TechnipFMC, Wärtsilä, Bilfinger and McDermott International.
Does Modutec have an API?
No public API is recorded for Modutec.
What industry is Modutec in?
Modutec's product category is Offshore Engineering Services. Its primary akta.pro industry code is EUAMAFAI, Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support), with a secondary code of EUAMACAE, Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating). Its NAICS code is 237 and its SIC code is 1700.