Unique Group Acquires Water Weights
Offshore solutions provider Unique Group said it has completed the acquisition of the Aberdeen-headquartered, load-testing equipment provider Water Weights. The newly acquired specialist will be an addition to Unique Group’s Buoyancy & Ballast division.
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 firms will share their extensive 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, “Through our existing buoyancy and 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 of Water Weights, commented, “Joining Unique Group gives us the opportunity to grow further, both in terms of geographical reach and depth of service offerings. 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.”
Sahil Gandhi, COO at Unique Group, commented, “Unique Group has experienced a period of sustained growth and investment recently, despite the global challenges faced by the oil and 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.”
Unique Group produces its flexible buoyancy and ballast products at a state-of-the-art facility on the Isle of Wight.