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Aberdeen Growth Opportunities VCT 2 PLC

 

Growth Capital

Cyclotech Limited

In May 2007 Aberdeen invested £1.4m in Cyclotech, a provider of innovative separation technologies and processes to the upstream oil and gas industry. The funding that will be used in a number of areas including product development, additional management appointments, people resource and new offices in Houston and Singapore.

Founded by Managing Director Dave Hadfield, Cyclotech focuses on the design and manufacture of process solutions centred around its proprietary hydrocyclone technologies. These are used in oil and gas production processes to handle produced water and sand, enhancing production and meeting ever tightening environmental requirements.

Cyclotech employs 25 people, operates from a principal office in Basingstoke and has sales offices in Aberdeen and Stavanger in Norway.


Cyclotech Limited

Initial Investment: May 2007

Company: Cyclotech Limited

Company website: www.cyclotech.co.uk

Deal Type: Development Capital

Funding: £1,400,000

Sector: Support Services

Team: Growth Capital

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