OSSO, a specialist in fluid temperature control and separation solutions, announces significant growth milestones achieved in 2023. These include a 75% increase in revenue and a 40% growth in total headcount.
This strategic expansion was propelled by substantial investments across the business over the past year, with a focus on key sectors and regions, notably the Middle East and construction. Investments include the expansion of OSSO’s construction fleet, including its WTS20, the first automated solids proportional dosing solution for construction, which received high commendation at the Construction News Specialist Awards in 2023.
In the Middle East, OSSO's investments drove a 150% fleet expansion, a full turnkey service portfolio introduction and team growth. These initiatives resulted in a 250% revenue increase in the region and the winning of several new key accounts. A partnership agreement was also signed with National Horizons Petroleum Services in Saudi Arabia, enhancing OSSO’s mud cooling services in the country.
OSSO was also able to make significant impacts in the heat exchange sector, penetrating the food and beverage market through its dedicated PHE service center in Aberdeen—the only one of its kind in the Northeast of Scotland.
Reflecting on 2023's achievements, James Scullion, CEO of OSSO, said: “It’s been an extraordinarily successful year, despite challenges with global supply chain issues and high capital costs. Our targeted investments have fueled our robust growth in headcount and turnover and we are committed to continuing this level of investment in 2024 and beyond. People have always been at the heart of the business and it’s a testament to our workforce that we’ve been able to outperform all expectations in the market across several different sectors.”
A key element of OSSO’s strategy is supporting its customers as the energy transition proceeds at pace and the company has made strides in the geothermal space, securing initial contracts and expanding its services.
Scullion added: “With our extensive experience across the energy industry, we are ideally positioned to aid businesses by providing the expertise and technology needed to drive the energy transition. We have proven this in 2023 with our geothermal offering gathering pace and we are delighted to have set this strong foundation for continued momentum into 2024.”
