Sparrows, Hydra Group form joint venture company in Ghana
- Business & Finance
UK’s offshore crane services specialist Sparrows Group has formed Sparrows Offshore Ghana Ltd, a joint venture (JV) with partner Hydra Group Limited, to deliver crane, lifting, and inspection services in Ghana.
Sparrows said that the agreement would service the demand for an experienced lifting and mechanical handling specialist to support reliability and operational safety in the country.
“Accra-based Hydra Group has several years experience in oil and gas and has a proven background in developing successful partnerships with world-class international companies,” the company said.
Sparrows has experience operating in West Africa particularly in Angola, Nigeria and through work in Ghana over the past 12 months.
Stewart Mitchell, chief executive officer at Sparrows Group, said: “We believe there is a gap in the market for a crane specialist to provide all forms of lifting, mechanical handling, and inspection services in Ghana. In forming the JV with Hydra Group, we are offering a service that combines our expertise with the infrastructure of a well-respected company with extensive local knowledge of the Ghanaian offshore market.
“There is an immediate demand for crane operations, maintenance and inspection services, however, the partnership will also enable us to deliver our full-service offering that includes a range of integrated engineering services. Having trusted partners throughout the world is part of our strategy to ensure we can deliver equipment and services wherever demand exists.”
The JV creation was supported by Scottish Development International (SDI), the international arm of the Scottish Government and Scotland’s enterprise agencies.
Delali Otchi, chief executive officer at Hydra Group, said: “Sparrows is recognized as the global expert in offshore lifting and combining their specialties with our local knowledge and logistical capability will provide a service not previously available in Ghana.”