Unique Group, the leading integrated subsea and offshore solution provider, has set in place measures to double its size and global infrastructure by 2019 through capital investment, acquisitions and expansion into key markets.
With a current turnover in excess of $100m, the company has restructured its worldwide organisation into five new business units, to capitalise on current and future market sectors.
The first expansion into new sectors is the launch of Unique Group’s range of technically advanced products for Dive Support Vessels (DSVs), the result of three years of research and development and significant investment by the group. As offshore operations move increasingly into deeper and more challenging environments, the DSV market will become significant in Unique Group’s growth.
The business has made three senior appointments to oversee the expansion in key growth areas.
Harry Gandhi, Founder and CEO said: “In the field of oil and gas survey, exploration and oil recovery, the forecast of future demand outweighs current supply levels. It is crucial that the industry does not stand still and that we all prepare for projected upturns.
“Current market conditions have led some companies, especially smaller ones, to be overcautious and almost come to a standstill, instead of finding new ways to remain competitive and sustainable."
Unique Group is known for its offshore, onshore and subsea engineering expertise, as well as its brands, Hydra and Seaflex, which are world-leading in diving equipment and buoyancy and ballast respectively.
The company is led by its founder Harry Gandhi alongside a long-standing management team that includes his son, Sahil Gandhi, as group executive director. Unique Group will announce a further series of senior global appointments in the coming weeks and the acquisitions will be made public once complete.