Glacier Energy Services Acquires Ross Offshore

MarineLink.com
Thursday, August 22, 2013
(l-r) Glacier Energy Services chairman, Scott Martin; Ross Offshore director Toby Ross; Glacier: Offshore MD Mark Derry; engineering technician Craig Marr.

International oilfield specialist Glacier Energy Services confirmed the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal, further extending its onsite specialist technical support offering to the energy industry.

The purchase sees Glacier Energy Services establish an offshore division headquarters at Ross Offshore's modern facility at Peterseat Drive in Aberdeen.

Following the acquisition, Glacier has a combined turnover of more than £15million, with a global staff of 110 people across its operational hubs in Glasgow, Newcastle and its recently-opened Southeast Asia base in Singapore.

In line with Glacier's other companies – Roberts Pipeline Machines, Site Machining Services (SMS) and Wellclad – the business will retain the Ross Offshore brand while operating as part of the wider group.

It is Glacier's fourth acquisition, following the purchase of specialist onsite engineering provider Site Machining Services in June 2012, and it is expected that further deals will be taken forward in the coming months.

Mark Derry, managing director of the Glacier: Offshore division said, "Ross Offshore is a natural strategic fit for our offshore business, enhancing the range of onsite technical services we can deliver for operators and service companies.

“Ross Offshore's equipment and technology support capability complements Site Machining Services' specialist engineering offering, allowing us to deliver high-quality solutions including installation, repair, refurbishment and replacement of heat exchangers."

Glacier: Offshore already delivers equipment development and manufacture, through Roberts Pipeline Machines, with SMS' industry-leading technicians providing onsite support to those technologies.

Toby Ross, founder and managing director of Ross Offshore, who will continue to lead the business, said: "The acquisition allows Ross Offshore, as part of the Glacier group of companies, to fuel significant growth and achieve even more success by broadening our service.

"Working closely with our fellow Glacier companies we expect to increase our client base and market share, by delivering significant value to offshore projects through a combined high-standard offering in technical services."

Glacier Energy Services group chairman, Scott Martin, said: "Glacier is successfully building for the future and through Ross Offshore, with which the group has a long-standing relationship, there is excellent further growth potential for the business.

"Bringing Ross Offshore onboard is another key element of our growth-through-acquisition strategy, supported by investment from Maven Capital Partners and Simmons Parallel Energy."

glacialenergy.com
 

  • Engineering technician Craig Marr measures-up a heat exchanger at Ross Offshore's Peterseat Road facility.

    Engineering technician Craig Marr measures-up a heat exchanger at Ross Offshore's Peterseat Road facility.

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

People & Company News

Holland America Line Wins Cruise Critic Cruisers’ Choice Awards

Holland America Line won top honors in four categories in the 2015 Cruise Critic Cruisers’ Choice Awards. The premium cruise line took first place in Best Dining

ST Engineering Y-O-Y Profits Slip

Singapore Technologies Engineering Ltd  reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.

Sulphur Enforcement Begins in Denmark

For the first time all 16 SECA countries met for the Danish Maritime Authority’s workshop on sulphur regulation enforcement. The leaving participants’ suitcases

Energy

Brookings Institution Hosting Panels on LNG Marine Fuel

The Brookings Institution, a Washington D.C.-based think tank, will host a two-panel discussion on the use of LNG as a marine fuel on Tuesday, March 3, the organization announced today.

CGG to cut Vessel Fleet Further

French seismic group CGG said on Thursday it would further cut its fleet of seismic vessels after declining demand from oil and gas clients hit by the falling oil

Atlantic Gas Swings Keep LNG Traders Guessing

MILAN, Feb 26 (Reuters) - Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing U.S. weather

News

Holland America Line Wins Cruise Critic Cruisers’ Choice Awards

Holland America Line won top honors in four categories in the 2015 Cruise Critic Cruisers’ Choice Awards. The premium cruise line took first place in Best Dining

ST Engineering Y-O-Y Profits Slip

Singapore Technologies Engineering Ltd  reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.

Sulphur Enforcement Begins in Denmark

For the first time all 16 SECA countries met for the Danish Maritime Authority’s workshop on sulphur regulation enforcement. The leaving participants’ suitcases

Marine Equipment

ST Engineering Y-O-Y Profits Slip

Singapore Technologies Engineering Ltd  reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.

NMM lines up Box Buy

Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration,

Drying Cabinets Handy On Board Nexus

In 2014, Pronomar equipped Van Oord’s offshore cable laying vessel Nexus with three drying cabinets, each responsible for the drying of eight sets of workwear.

Mergers & Acquisitions

NMM lines up Box Buy

Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration,

SpeedCast Acquires Geolink Satellite Services

SpeedCast International Limited announced the acquisition of Geolink Satellite Services, part of the CETel Group. The closing of the transaction is subject to regulatory approval.

Tenaga Raises Offer Price for Port Operator

Tenaga Nasional Bhd , Malaysia's largest power group, said on Wednesday it has raised the takeover price for Integrax Bhd by 18.2 percent after a leading shareholder

Offshore Energy

Dryships in the Red

DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and

Van Oord, Falck Ink Safety Training Deal

Van Oord has signed a two year contract with Falck Safety Services for the provision of safety training.   Van Oord, a contractor for dredging, marine engineering and offshore energy projects,

Ulstein Verft Delivers 'Blue Queen’

On 24 February 2015, ‘Blue Queen’ a platform supply vessel of the PX121 design, was delivered to Blue Ship Invest from Ulstein Verft. This vessel is the first

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1710 sec (6 req/sec)