Unique Maritime Group, a leading provider of specialised engineering solutions to the subsea and offshore oil and gas industries worldwide, announced the acquisition of Seaflex today.
Seaflex is a leading provider of marine buoyancy products and water filled test weights. Seaflex’s product range includes subsea air lift bags, inflatable buoyancy units, WaterLoad test weights, cable and pipeline buoyancy, lifeboat testing ballast bags, yacht fenders and yacht racing marks.
Seaflex is a BS EN ISO 9001:2008 company, independently certified by Lloyds Register Quality Assurance, and its products comply with current IMCA and EC regulations.
The purchase of Seaflex, based in Isle of Wight, further strengthens Unique Maritime Group’s strategic goal to expand its manufacturing, sales and rental operations for specialised products worldwide.
"The acquisition is also expected to result in greater efficiencies and significantly increase our market share," said Harry Gandhi, CEO of Unique Maritime Group.
Seaflex will continue to operate under the same name and Graham Brading will take over as managing director. Mark Board continues to provide valuable support to him as a consultant for next two years.
"The acquisition of Seaflex was a calculated decision and was accomplished through an exclusive negotiation process under the guidance of Pinsent & Masons as legal advisors," explained Harry.