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Hydrasun, the Aberdeen-based fluid control equipment firm with about 600 staff worldwide, has been acquired by the Investcorp Gulf Opportunity Fund of Bahrain for undisclosed terms.

Hydrasun is to relocate the headquarters of its Aberdeen-based engineering services business to a new £12m site on the Aberdeen Gateway Business Park later this year.

Hydrasun, the Aberdeen-based fluid transfer equipment supplier with 255 staff, has undergone a £75m management buy-out backed by Barclays Private Equity.