Unique Group Acquires Water Weights
Unique Group has completed the acquisition of the Aberdeen headquartered, load-testing equipment provider, Water Weights.
Unique Group’s manufacturing and global supply chain capability, along with Water Weights’ distribution capabilities, will provide significant synergy potential to reach clients globally, the company said.
Both companies will share their network of partnerships and distribution agreements at regional bases around the globe, complemented by integration with other Unique Group business units.
Graham Brading, group director, Buoyancy & Ballast at Unique Group, said: “We are excited to combine the expertise of Water Weights with our own. Through our existing Buoyancy & Ballast capability we specialize in the manufacture and distribution of air-filled buoyancy bags. With the addition of the Water Weights business, we further strengthen our position in supply of equipment and services to the load testing industry.
“Both companies have a long-standing track record in helping clients to achieve cost savings while enhancing safety. We will now be able to combine our expertise and service clients effectively from a wider range of locations.”
Melfort Campbell, former principal shareholder at Water Weights, said: “This is an exciting development for Water Weights. Joining Unique Group gives Water Weights the opportunity to grow further, both in terms of geographical reach and depth of service offering. There is a great synergy with Unique Group which has a strong global presence in all of our markets and is well placed to continue supporting our clients. It is a great opportunity for the staff of Water Weights to continue to develop and grow the business.”
Sahil Gandhi, COO at Unique Group, added: “Unique Group has experienced a period of sustained growth and investment recently, despite the global challenges faced by the oil & gas sector and its related supply chain. The group continues to build a strong market presence globally, with Water Weights further enhancing our ability to service clients with integrated solutions from our multisite divisions and nine regional offices.”