Unique Group makes another acquisitionCompany News // July 20, 2016
Through its subsidiary Unique Maritime Group (SEA) PTE Ltd, Unique Group, the provider of integrated subsea and offshore solutions, 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 subsea, 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,” he 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 – around £5 million – 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, although he day-to-day running of the business will be continued by the current team at Oceanvision led by founder, Ian Johnson.”