The land has enabled the firm, which designs and manufactures underwater cables and connectors for subsea, underwater, topside and onshore applications, to expand operations and develop a brand new 13,700 sq ft bespoke workshop.
This will be used to install the company’s new armouring line, which the company invested £300,000 in last year, and also provide a pressure testing area, together with additional storage.
Doug Whyte, Hydro Group managing director, said: “The new facility and additional space was required in order to diversify and develop our business.
“We are now able to manufacture mechanically protected cables which can withstand higher stresses in subsea and defence operations and the extra space means that we can also offer greater capacity in size and overall lengths.”
The newly acquired space is in addition to 45,500 sq ft already occupied at the business park.
Speaking on behalf of the parks’ owner, Moorfield Real Estate Fund III, Mark Holmes from Moorfield Group said: "It is very encouraging to see Hydro Group diversify and expand operations here at Aberdeen Energy Park.
“We were pleased to be able to facilitate the sale of development land which was available adjacent to the company's existing facility.”