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.”