Unique Group Acquires Oceanvision

Unique Group, an  integrated subsea and offshore solution provider, has completed the acquisition of Oceanvision and Oceanvision Equipment Services. 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 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.

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.

Engineering base

Opening an office in Singapore is an important milestone for the business, commented Gandhi. The team at Oceanvision provides an immediate presence in the area and, with this company’s strong reputation and history, their fit within Unique Group is excellent. Unique will invest significantly (circa GBP5million) and quickly so that they can give customers access to the full offering across their group divisions and companies. In particular, Unique will strengthen their engineering base to provide full on-site engineering services to the region as well as providing Capex for their diving and survey divisions to enhance their stock in the area. The company also plans 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.