MOTIVE Offshore Group, specialist in marine equipment fabrication and rental, has announced the acquisition of subsea equipment experts, Flowline Specialists, for an undisclosed figure.
The deal, which was finalised last week, is the latest development in Motive’s growth trajectory, bringing its headcount to approximately 200 and bolstering existing capabilities in the UK, Norway and UAE, whilst further increasing its European footprint.
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Established in 2001, Flowline designs, engineers and manufactures its own equipment, supplying technicians and support services for the handling and deployment of flexible pipes, umbilicals and cables to the offshore energy market.
Dave Acton, Motive chief executive officer, said: “I’m delighted to announce such a significant step in the Motive Offshore journey.
“This outcome has been three years in the making and is the culmination of a 10-year working relationship, during which time we have valued Flowline as both client and supplier.”
Greg Herrera, senior partner at EV Private Equity, which made a high-profile investment in Motive Offshore Group in 2019 added: “Despite the disruptive circumstances of 2020 both Motive and Flowline have risen to the challenge. They have delivered significant growth from 2019 and a combined turnover of £26million for 2020 is based upon a razor-sharp focus on maximum service quality, higher ESG performance and delivering lower net customer spend.”
Launched in 2010 by James Gregg and Dave Acton, Motive Offshore Group is headquartered in Boyndie, Banff, Scotland, with additional offices in Aberdeen, Houston, Norway and the Middle East.
