Whessoe Oil & Gas is planning to triple the 60-strong workforce at its Darlington-based engineering business over the next five years, having just been acquired by Samsung.
Whessoe Oil & Gas has confirmed plans to relocate its headquarters to the Morton Palms business park in Darlington in October, securing the future of more than 135 jobs.
Whessoe Oil & Gas is looking to relocate its 200-strong workforce to an alternative location in Darlington, as the lease on its Brinkburn Road site expires later this year.
Whessoe, the instruments and controls maker, has received a surprise £53m takeover bid from an alliance between Navia of Norway and Endress & Hauser of Switzerland, which tops the recent offer from Siebe.
Whessoe is buying AG Marvac, the supplier of vapour control products to the petrochemical industry, for £2.7m.