UTEC Announces Acquisition of Geomarine Ltd

Press Release
Monday, December 03, 2012

Leading independent offshore survey company UTEC has announced the acquisition of Geomarine Ltd.

UTEC – which is based in Houston, Texas and has offices around the world including Aberdeen, Scotland – has acquired Geomarine Ltd which is headquartered in Newcastle-upon-Tyne with operational offices in Bath, England and Singapore.

The move will capitalize on a natural and highly complementary fit between the two companies, providing a unique opportunity to enhance and increase the range of services offered.  Commenting on the acquisition, UTEC CEO Martin O’Carroll said: “The addition of Geomarine to our team marks a significant step forward in the UTEC group’s overall growth ambitions. Geomarine will add focus to and consolidate our global geotechnical capabilities and increase our service offering significantly.”

Geomarine Ltd managing director Peter Allan, who will continue to head the company, added: “This transaction opens up a new field of possibilities for our staff and clients.  UTEC has a global presence in the survey industry and will allow Geomarine to support clients more effectively, wherever they are located.  “UTEC will be investing in Geomarine, enabling us to grow the business and offer a wider range of services.  We believe this will be to the benefit of our clients and look forward to working with them closely to continue to assist their business.”

Geomarine Ltd is a geotechnical engineering company providing expert consulting and specialist equipment services to a broad range of clients in the offshore oil and gas, power and telecom cables and renewable energy industries.

UTEC is one of the world’s largest independent offshore survey companies and provides a wide range of survey services including offshore positioning and construction support, geophysical and AUV surveys, dimensional control surveys, laser scanning and modeling, and geotechnical sampling.  UTEC has offices located around the world including: Houston, Aberdeen, Rio de Janeiro, Calgary, Perth, Singapore, St. John’s, Naples and Dubai.


Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release

S&P Raises Steamship Mutual outlook to Positive

Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed. In their announcement Standard

SSA Welcomes Decision To Extend BEO

The Singapore Shipping Association (SSA) has welcomed the decision by Singapore’s Minister for Trade and Industry to extend the Competition (Block Exemption


Raytheon Anschütz Succeeds in SYNTACS SAT

Raytheon Anschütz, a leading integrator of naval integrated bridge systems, has successfully completed the Sea Acceptance Test (SAT) for the Synapsis Tactical Command

Wärtsilä's' Digital Services for Performance Enhancement

Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, launches a new service portfolio, Wärtsilä Genius services to help

Ship Conversion: Offshore Survey Vessel to Become a Flotel

Dutch shipowner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel


Controversial Nicaragua Canal Project Postponed

China's Hong Kong Nicaragua Development (HKND) Co. said it is delaying the start of construction on a controversial $50 billion inter-ocean canal across Nicaragua until late 2016.

Need to Monitory Coal from Indonesia - UK P&I

There are various hazards associated with the trade in coal. UK P&I Club’s Loss Prevention Team highlights the risks involved, and advises on the relevant actions

Suez Canal Pacts with SCCT-Maersk

Chairman of the Suez Canal Authority (SCA), Vice Admiral Mohab Mamish, signed a settlement agreement with the Suez Canal Container Terminal (SCCT-Maersk), says Daily News Egypt.


ESL Shipping to Enter the Renewable Energy Market

ESL Shipping and AB Fortum Värme have signed an agreement for biofuel transport. The agreement provides ESL Shipping with access to the renewable fuels transport market.

Deltamarin to Designs First LNG Handysize Bulk Carriers

Deltamarin Ltd proudly announces that it has signed a contract to design the world’s first LNG handysize bulk carriers, which will point the way towards greener shipping of commodities.

Asia Fuel Oil-Cracks, Spreads Tight; Bunker Prices Climb

Asia's fuel oil crack for benchmark 180-centistroke rebounded to a discount of $6.79 a barrel on Wednesday, gaining as bunker prices firmed on the possibility of


Scripps Sells Oceanographic Research Vessel

Purpose-built oceanographic research and survey vessel New Horizon has been sold from the Scripps Institute of Oceanography to private interests, announced ship broker Marcon International, Inc.

Mergers & Acquisitions

Shipping to See Further Consolidation

The CMA CGM's move to buy Singapore’s Neptune Orient Lines (NOL), could lead to one of the biggest acquisitions in the shipping container industry in years.   If it goes through,

Alaska Buys TransCanada AK LNG Stake

The State of Alaska has finalized a deal with TransCanada to buy out the pipeline company's share in the proposed Alaska liquefied natural gas export project for nearly $65 million.

CMA CGM to Acquire Neptune Orient

France’s CMA CGM SA is in exclusive talks to buy Singapore’s Neptune Orient Lines Ltd (NOL), the shipping company and its Singapore’s Temasek Holdings Ltd., its largest shareholder, said.

Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1222 sec (8 req/sec)