Integrated subsea and offshore solution provider Unique Group, through its subsidiary Unique Maritime Group (SEA), 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 specializes in manufacturing and supplying imaging and intervention products for sub-ocean, marine, offshore and petrochemical industries for use in hazardous areas and harsh environments.
Twelve months ago Harry Gandhi, founder, chairman and CEO of Unique Group, 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,” Gandhi said. “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 (US$ 6.6 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.”
As an independently owned global company, Unique Group provides engineering expertise, sales and rental equipment, and the latest technology for the marine, diving, survey, pipeline and subsea market sectors.
Unique Group delivers bespoke, off-the-shelf engineering solutions and cost efficiencies across the oil and gas supply chain – onshore and offshore, surface and subsea. Unique Group employs over 500 people worldwide through its six multi-site divisions: survey equipment; marine and subsea; diving and life support; buoyancy and ballast; on-site engineering; and specialized boats. Its 200-plus dedicated engineering specialists work across nine strategically important global oil and gas regions - USA, UK, Europe, Singapore, India, South Africa, Saudi Arabia, UAE and Qatar.
Image of Gandhi, founder, chairman and CEO of Unique Group.
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