Unique Group aims to double size of business - plans entry into new markets and acquisitionsCompany News // June 25, 2015
Unique Group says it has set in place measures to double its size and global infrastructure by 2019 through capital investment, acquisitions and expansion into key markets.
With a turnover in excess of US$100 million, the company has restructured its worldwide organisation into five new business units, to capitalise on Unique Group’s current and future market sectors.
The first expansion into new sectors is the launch of Unique Group’s range of products for dive support vessels (DSVs), the result of three years of research and development and significant investment by the group.
The business has also made three senior appointments to oversee the expansion in key growth areas. Mike Jessop has been promoted to global head of diving. The group has also recruited leading figures from within the industry: Andy Doggett, former manager of Teledyne CDL has been brought in to head up the new survey equipment division; and Steve McMillan, former head of diving at McDermott, has been appointed as global HSE & projects director.
Harry Gandhi, Founder and CEO said: “In the field of oil and gas survey, exploration and oil recovery, the forecast of future demand outweighs current supply levels. It is crucial that the industry does not stand still and that we all prepare for projected upturns.
"Current market conditions have led some companies, especially smaller ones, to be over cautious and almost come to a standstill, instead of finding new ways to remain competitive and sustainable.
"We have over 200 engineering specialists across six global regions and a streamlined, multidisciplinary offering.
"We work with the best vendors and ultimately we offer our customers in the offshore and subsea sectors the most cost-effective solutions for their businesses, whether bespoke or off the shelf.
"We are excited to be entering this latest chapter in our history and I am more than confident that we’ll reach our 2019 growth target."