Unique Group, the leading integrated subsea and offshore solution provider, through its subsidiary Unique Maritime Group (SEA) PTE Ltd, has completed the acquisition of Oceanvision PTE Ltd and Oceanvision Equipment Services PTE Ltd. Oceanvision will now be part of the Unique Group of Companies and is the third acquisition that Unique has made in the last nine months.
Oceanvision Pte Ltd specialises in manufacturing and supplying imaging and intervention products for sub-ocean, marine, offshore and petrochemical industries for use in hazardous areas and harsh environments.
12 months ago the founder, chairman and CEO of Unique Group, Harry Gandhi, outlined his plan to grow his business in line with customer requirements and market opportunities and this latest acquisition is a further execution of that growth strategy.
“Opening an office in Singapore is an important milestone for the business.” commented Harry. “The team at Oceanvision provides us an immediate presence in the area and, with this company’s strong reputation and history, their fit within Unique Group is excellent. We will invest significantly (circa £5 million) and quickly so that we can give our customers access to the full offering across our group divisions and companies. In particular, we will strengthen our engineering base to provide our full on-site engineering services to the region as well providing Capex for our diving and survey divisions to enhance their stock in the area. We also plan to recruit key personnel in the area, however the day-to-day running of the business will be continued by the current team at Oceanvision led by founder, Ian Johnson.
Svein Gunderson, engineering manager, commented:
“This is an exciting time for Oceanvision as we become part of the globally respected Unique Group. I, and the team, look forward to working with our new colleagues at Unique. The additional products and services we can now offer will be advantageous for our current customers and provide new opportunities that exist in the area.”
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/18072016/unique-group-purchases-oceanvision-pte/