SeaZone Acquired by HR Wallingford
SeaZone Solutions Limited (SeaZone) has been sold to HR Wallingford following a competitive process. The United Kingdom Hydrographic Office (UKHO) transferred 100% of the equity on 23rd March 2010. SeaZone was established in response to a market need for digital mapping and has built an established customer base within the private and public sectors in the UK and increasingly overseas. The company joined the UKHO group in 2005, and since then has grown year on year with a projected turnover of GBP1.5m for this financial year.
The global market for Marine GIS is now entering a phase of rapid growth and SeaZone requires support in expanding its reaches internationally. The UKHO believes HR Wallingford is ideally placed to offer this support with an established global presence and customer base.
HR Wallingford, based in Oxfordshire, UK, provides analysis, advice and support in engineering and environmental hydraulics, and the management of water and the water environment. ‘We are delighted to announce the acquisition of SeaZone' said Dr Jane Smallman, Managing Director of HR Wallingford. ‘The businesses are complementary. Together we have an opportunity to develop a world-leading marine information service, resulting in obvious benefits for all our customers. SeaZone has a bright future as part of the HR Wallingford Group.'
