Java Offshore Buys Asian Geos

Java Offshore has completed the acquisition of a majority stake in Asian Geos from Gardline Geosciences and Helms Geomarine.

The acquisition will further enhance Java Offshore’s existing portfolio of services through the addition of an offshore geotechnical and engineering capability focused on the oil and gas, marine renewables, marine civil engineering and telecommunication sectors.

Rizal Shah, CEO of Java Offshore, said: “We are extremely optimistic and very pleased with this acquisition. The consolidation of both companies will allow for a more cost effective and efficient platform for growth especially in the current challenges of the oil & gas segment. On top of that, the ability to share Asian Geos’s technical knowhow and capability in geotechnical investigation and engineering will allow us to access new markets and ultimately provide more value for our existing and future customers.”

Dato’ Ir. Mohamad Helmi Zulkawi, managing director of Asian Geos said: “The acquisition was a strategic decision which stemmed from our aspiration to expand its operations capabilities and realize its long-term plans of further enhancing its service offering in Malaysia and globally. This partnership gives us the opportunity to promote and securing more international businesses. It gives us the impetus to proceed with plans of enhancing our market share by leveraging on the groups experience and resources.”

Share this article

Follow Subsea World News

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Deepwater Operations Conference & Exhibition

The Deepwater Operations Conference and Exhibition provides a unique experience for attendees and exhibitors to share…

read more >

24th Annual Africa Oil Week 2017

The Conference portraying five days of senior-level executive insights, with rich-content on corporate strategies and portfolio, exposure…

read more >

OTC Brasil 2017

OTC Brasil is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >

Rio Pipeline 2017

Rio Pipeline Conference & Exhibition has changed its branding design, to unify the whole pipeline community, in an even more complete event…

read more >