Unique Group 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 $100m, 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 (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 company said in a statement.
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 up 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 CEO, 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.
“We have over 200 engineering specialists across six global regions and a streamlined, multidisciplinary offering. We work with the best vendors and ultimately we offer our customers in the offshore and subsea sectors the most cost-effective solutions for their businesses, whether bespoke or off the shelf.
“We are excited to be entering this latest chapter in our history and I am more than confident that we’ll reach our 2019 growth target.”
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.
Unique Group said it will announce a further series of senior global appointments in the coming weeks and the acquisitions will be made public once complete.