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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Energy

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

16 Die in Coal Mine Accident in China

Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting

News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

USCG to Ensure Safety During World Series

The Coast Guard and local agencies are working to ensure the safety of boaters and baseball fans during World Series games at AT&T Park this weekend. The

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Marine Equipment

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

ABB's 25th Year in Dubai

ABB Turbocharging is celebrating its 25th anniversary in UAE. Established in 1989 in Dubai, ABB has grown to become a fully-fledged service station capable

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

Mergers & Acquisitions

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Foster Wheeler & MDM Engineering Merged

Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

Offshore Energy

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

New Oil Field Found in British North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f

A History of U.S. Oil Export Controls

On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Repair Ship Simulators 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: 0.2094 sec (5 req/sec)