Posted on 08.06.2011 - 10:00 EDT in ACQUISITION/MERGER NEWS by Rons_ROV_Links
Unique Maritime Group, a leading global provider of specialised engineering solutions to the subsea and offshore oil and gas industries, has recently completed the acquisition of Seaflex Ltd, a specialist in marine buoyancy products and water filled test weights . This development is the latest in a series of recent acquisitions which have enhanced Unique Maritime Group's product and services portfolio as part of its ongoing growth plans.
Headquartered in the Isle of White, UK, Seaflex specialises in the design, manufacture and supply of subsea air lift bags, inflatable buoyancy units, WaterLoad test weights, cable and pipeline buoyancy, lifeboat testing ballast bags, yacht fenders and yacht racing marks. The acquisition of Seaflex is an excellent strategic fit for Unique Maritime Group as it looks to capitalise on new growth opportunities and further strengthen its market position in the offshore oil and gas sector.
Harry Gandhi, CEO of Unique Maritime Group, said: "We are delighted to have concluded the acquisition of Seaflex as it increases our engineering and manufacturing capabilities worldwide and further enhances our expanding product portfolio. Through additional investment, we will be relocating to new premises with improved test and assembly facilities. This will increase the quality and availability of this product range to our UK and international customer base."
Seaflex Ltd will continue to operate under the same name and Graham Brading will take on the role as Managing Director.