Monday, July 18, 2016

Subsea and Offshore Energy Specialist Buys Underwater Imaging Company

Deal for Singaporean Group Finalised
Shipping News Feature
UAE – SINGAPORE – WORLDWIDE – The Unique Group, which provides a wide portfolio of integrated subsea and offshore services via six dedicated specialist sites ranging from diving and life support to engineering and specialised craft, has completed the acquisition of Singapore based Oceanvision PTE Ltd and Oceanvision Equipment Services PTE Ltd via its subsidiary Unique Maritime Group (SEA) PTE Ltd. 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.

Started by just three people in 1993 Unique has developed from a small outfit servicing offshore oil, natural gas and maritime industries in the Middle East the company now employs 500 staff operating in nine key energy related regions across the world. Oceanvision 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.

The expansion is in line with development plans outlined a year ago by Unique founder, CEO and chairman Harry Gandhi who commented:

“Opening an office in Singapore is an important milestone for the business. 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 £5million) 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.”

Independently owned Unique provides bespoke and off-the-shelf engineering solutions and cost efficiencies across the oil and gas supply chain, onshore and offshore, surface and subsea and supplies engineering expertise, sales and rental equipment, and the latest technology to the marine, diving, survey, pipeline and subsea market sectors. Oceanvision engineering manager Svein Gunderson remarked:

“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.”