Motive Offshore Rolls Out Flexibles Unit with Pumptech Buy
- Business & Finance
Motive Offshore has launched a new Flexibles division with the completion of acquisition of Stavanger-based Pumptech.
The seven-figure acquisition reflects the growth strategy which follows investment earlier this year from private equity firm, EV Private Equity.
Specialists in flexible flowlines and umbilical testing, Pumptech also brings a fleet of zone 2-accredited hydraulic pump units (HPUs).
The combination of services are seen by Motive chief operating officer, James Gregg, as fundamental to the continuing global growth of the company, providing clients with an enhanced one-stop shop, focused on lowering clients costs with highest possible service levels and quality.
He said: “These recent developments are reflective of our continuous drive to offer unparalleled solutions for, as we put it, “the back-deck and beyond”. We are already renowned for our capabilities in the field of winch production, rental and inspection; the launch of our Flexibles division builds upon many years of experience and track record in this segment and serves to formalise our expertise in the deployment and testing of umbilical equipment.
“Motive has had an existing relationship with Pumptech for some time, and on that basis, we are aware that there is a strong market demand for the services this acquisition provides to our clients.”
The new division sees the appointment of Richard Charles as Flexibles Division manager.
“This is an incredibly positive time to be joining the Motive Offshore team. There is a noticeable lack of comprehensive flexibles service providers in the North Sea; our immediate vision is to develop this in both the UK and Norwegian sectors.
“However, Motive’s impressive geographic footprint is already in place to facilitate future growth and our ultimate objective is to build a holistic umbilical service on a global scale,” said Charles.