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Nessco, the Aberdeen-based oil industry telecoms firm with 120 staff, has been acquired by US-based RigNet for £29m.

Nessco has secured £4m from Aberdeen Asset Managers Growth Capital to fund the expansion of its offshore telecoms business, which currently has 140 staff in Aberdeen, Edinburgh, Glasgow, Reading, Brazil and Azerbaijan.

Nessco of Aberdeen has acquired Newood Telecom of East Kilbride for undisclosed terms, in order to strengthen its position as an international telecoms solution provider.