Unique Group eyes acquisitions, new markets

The business has made three senior appointments to oversee the expansion in key growth areas.



By Staff Report

Published: Sun 28 Jun 2015, 10:57 PM

Last updated: Wed 8 Jul 2015, 3:18 PM

Dubai: Unique Group, an integrated subsea and offshore solution provider headquartered in the UAE, 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 current turnover in excess of $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 technically-advanced products for dive support vessels, or DSVs, the result of three years of research and development and significant investment by the group.

As offshore operations move increasingly into deeper and more challenging environments, the DSV market will become significant in Unique Group’s growth.

The business has made three senior appointments to oversee the expansion in key growth areas.

Within Unique Group, 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 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 chief executive officer, 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 overcautious and almost come to a standstill, instead of finding new ways to remain competitive and sustainable.”

Unique Group is known for its offshore, onshore and subsea engineering expertise, as well as its brands, Hydra and Seaflex, which are world-leading in diving equipment and buoyancy and ballast, respectively.

abdulbasit@khaleejtimes.com


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