UMG secures Blue Water Energy investment
United Arab Emirates-based subsea and offshore solution firm Unique Maritime Group (UMG) has secured investment from London-based private equity investor Blue Water Energy.
The new partnership will allow UMG to accelerate its growth plans through additions to its rental fleet, as well as through further acquisitions, to expand the product and service offering and geographic distribution.
“From the outset, the team at Blue Water Energy has understood our strategy and vision and we are confident that with their industry experience and network, they can strongly support UMG’s expansion plans,” said UMG CEO Harry Gandhi.
“The partnership with UMG continues our investment strategy of working with founder owners building international energy companies,” said Blue Water Energy partner Tom Sikorski. “Harry and his team have a very successful track record to date and we see significant growth opportunities – both organically and through acquisitions - for UMG across its international network.”
UMG’s line up of products and services include:
Marine: Integrated vessel management, control and safety systems; power generation and propulsion systems for offshore vessels; onboard energy management solutions; hoisting equipment, deck machineries and offshore containers; unique seaflex range of air lift bags, water weights and pipeline buoyancy units
Diving: Air and mixed gas diving systems; saturation diving systems; hyperbaric rescue facility; daughter craft; breathing air compressors; commercial diving equipment
Survey: Hydrographic, oceanographic, geophysical and geotechnical survey equipment; environmental and oceanographic monitoring solutions; remotely operated and autonomous operated underwater vehicles; underwater security solutions
Inspection: Subsea corrosion protection inspections; NDT equipment; CSWIP inspection engineers; ACFM, MPI, FMD, UT
Oil & Gas: Pipeline rehabilitation; hot tapping and line stopping; on-site machining; under pressure leak sealing; pipeline repair clamps; on-line safety valve testing; on-line valve maintenance; pipe freezing; portable onsite machine rental solutions; subsea diamond wire pipe cutter; hot tap and line stop tees and fittings; extruded headers; pipeline isolation and inspection tooling solutions