Unique Group strengthens engineering with Subsea Innovation acquisition

May 03, 2024

(WO) — Unique Group, a prominent figure in subsea technologies and engineering, has finalized the strategic acquisition of Subsea Innovation, a leading subsea technology and equipment manufacturer.

This move marks a significant enhancement of Unique Group's global engineering capabilities, broadening its portfolio and reinforcing its commitment to engineering excellence and technology advancement.

With its headquarters in the United Arab Emirates and a workforce of over 600 employees across 18 locations worldwide, Unique Group has been a trailblazer in subsea technologies for more than three decades. This acquisition positions the UK as a key engineering hub for Unique Group, complementing its existing manufacturing locations in South Africa, the Middle East, and the Isle of Wight in the UK.

Subsea Innovation Limited, based in Darlington, UK, and formerly part of Tekmar Group plc, boasts a distinguished track record spanning four decades. Specializing in offshore deck equipment, engineering consulting, emergency pipeline repair systems, and tailored solutions for subsea and renewable applications, the company has delivered over 450 complex engineered equipment projects globally. This acquisition seamlessly aligns with Unique Group's offerings, significantly enhancing its technology growth focus and ability to provide integrated solutions for clients.

“This acquisition underlines our commitment to innovation and engineering expertise,” Sahil Gandhi, CEO at Unique Group, said. “We have ambitious development plans, along with our existing solutions to our wider customer base. Subsea Innovation's impressive track record, combined with Unique Group's strengths, positions us to deliver unparalleled solutions in the dynamic landscape of offshore energy and subsea sectors.”

Dave Thompson, Managing Director of Subsea Innovation, and his experienced engineering design team bring a wealth of knowledge and experience to Unique Group. Thompson will assume the role of Group Engineering Director, leveraging his expertise to propel the company to new heights in product development and engineering excellence.

"We are excited to become a part of Unique Group, and this is a significant leap forward in our journey to redefine industry standards,” Thompson said. “With the combined technical and commercial synergies of Unique Group and Subsea Innovation, we are poised to significantly grow globally and develop new solutions, that can make subsea operations efficient and safer for clients."

Both Unique Group and Subsea Innovation are optimistic about the opportunities presented by this strategic acquisition. Together, they are poised to set new standards in the global subsea industry, revolutionizing operations and ensuring efficiency and safety for clients worldwide.

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