Gulf Oil and Gas accountACCOUNT

Seanamic Group Acquires Flexlife

Source: www.gulfoilandgas.com 10/19/2017, Location: Europe

Share |
The Seanamic Group has announced its acquisition of Flexlife, the specialists in the integrity management of flexible pipelines and umbilicals. Seanamic, which is backed by the Piper Jaffray-managed Simmons Private Equity II (SPE II) fund, has acquired the share capital of Flexlife’s trading businesses in both the UK and US.

Flexlife’s CEO Garry Millard, who joined the business in 2014, said: “Being part of the Seanamic Group opens Flexlife up to a new and invigorating future. We can go forward confident of financial stability, to explore growth opportunities in Subsea Integrity Management and continue our successful history of R&D. Our customers will have access to a unique portfolio of products and services from diverse companies, resulting in a simplified and more efficient supply chain.”

Flexlife operates from offices in Aberdeen and Houston, and its technology is being used globally. Founded in 2014, the Seanamic Group comprises Caley Ocean Systems, IMES International and Umbilicals International, and serves clients in the international energy, defence and seismic industries. The Group employs more than 120 staff in the UK and Houston.

Martin Barnes, CEO of the Seanamic Group, added: “This is a significant step in the evolution of Seanamic. Our customers now have access to proven subsea monitoring and repair technologies and specialist subsea engineering. Our combined engineering capabilities and advanced monitoring technologies means we can offer a fully integrated Subsea Integrity Management service to support the performance and life extension of flexible and umbilical assets. I would like to welcome Flexlife to the Group, and am looking forward to working with Garry and his team as we enter this new chapter.”

Umbilical Lines News in United Kingdom >>

Austria >>  1/16/2018 - Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday (16 Jan 2018), a level not seen since 2014’s dramatic oil market slump....
United Kingdom >>  1/16/2018 - Archer Limited announces that effective from the 1st of January 2018, Apache have awarded a new 3 year contract to Archer for the provision of Platfor...

Norway >>  1/15/2018 - During 2017, Aker BP increased its reserves (2P) by a net of 202 million barrels of oil equivalents (mmboe), to a total of 913 mmboe. The company deli...
Austria >>  12/28/2017 - Oil prices rose on Thursday, lifted by strong data from top importer China amid thin trading activity ahead of the New Year weekend. ...

Related Categories: Accumulators and Storage batteries  Ammeters, Voltmeters, ect.  Batteries  Cable Trays  Cables  Cathodic Protection  Circuit Breakers  Contactors  Control Panels  Earthing materials  Electric fittings & junction box  Frequency Inverter  General  Lighting  Panel Components  Starter  Steel Panels  Switches  Transformers  Umbilical Lines  UPS 

Related Articles: Ammeters, Voltmeters, ect.  Batteries  Cable Trays  Cables  Cathodic Protection  Circuit Breakers  Control Panels  Electric fittings & junction box  Frequency Inverter  General  Lighting  Panel Components  Switches  Transformers  Umbilical Lines  UPS 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

 

Oil & Gas Companies in United Kingdom >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.