Swire Oilfield Services Director and General Manager, Rupert Bray and Finance Director, Lyall Dochard, aim to capitalise on buoyant market conditions in Australia and beyond following the acquisition of Maritime Products and Services.
Swire Oilfield Services, Norway, has acquired Australia-based Maritime Products & Services (MPS). Swire is a specialist offshore cargo carrying unit supplier based in Stravagner. MPS is the latest acquisition in Swire Oilfield Services’ international growth plan. Over the past nine months, the company has acquired businesses in Norway, Angola, Nigeria, the USA and now Australia for a total of £35 million (US$86.62 million). In addition to the acquisitions, US$33.59 million have been invested to improve the company’s fleet across its global locations. As Australia enjoys buoyant market conditions and high levels of earnings and profits, operators in the region now have access to Swire Oilfield Services’ products and services, which includes chemical tank, basket and container rental, chemical handling and aviation fuel services. Employing eight people, MPS was founded in 2001 and quickly established itself as Australia’s leading supplier of chemical tanks, pump and filtration equipment. “Demand for MPS’ service offering in Australia and the Asia-Pacific region has increased significantly over the past few years and the acquisition allows us a smooth entry to the market,” said Director and General Manager of Swire Oilfiled Services. “We have already committed over £2 million (US$3.73 million) to expand our fleet and expect to spend twice that in the coming year.”
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