Dunedin Enterprise invests in EV Offshore

Dunedin Enterprise Investment Trust has, through the Dunedin Buyout Fund III, made an initial £5.9m investment in EV Offshore Limited.

EV designs, manufactures and provides high performance, ruggedised video cameras that are used to diagnose and analyse problems in oil and gas wells.

EV is based in Aberdeen and Norwich, with R&D and manufacturing facilities in Norwich. It has a further presence in 17 worldwide locations across Northern Europe, Canada, USA, West Africa, the Middle East, Asia and Australasia. The business currently employs 100 staff. In 2014 EV received the Queen's Award for Enterprise - International Trade, as well as winning the SPE Offshore Achievement Award in 2014.

At 8:54am: (LON:DNE) Dunedin Enterprise Investment Trust PLC share price was +0.13p at 423.63p

Story provided by StockMarketWire.com

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