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HitecVision invests in Global Maritime

HitecVision announced 18. June that it has acquired a majority shareholding in independent marine, offshore and engineering consultancy Global Maritime. Jan Vatsvåg, and Gary Hogg, the company’s CEO and COO respectively, will retain a significant minority shareholding in the company and continue in their leading management roles

Global Maritime employs approximately 260 civil and structural engineers, naval architects, mechanical & marine engineers and master mariners, supplying the highest quality of services to major oil & gas operators, EPC companies, yards and offshore construction companies. The Company delivers a range of technical services required for the design, construction and completion of complex offshore development projects. With offices in 13 countries, it covers most of the world’s key oil & gas locations.

By combining Global Maritime’s technical and industry expertise, established market presence and brand name with the capital resources and international network of HitecVision, Global Maritime will seek to continue its strong organic growth record combined with acquisition of complementary and value adding companies. The combined goals of the management and HitecVision are to make Global Maritime a market leader within its target markets, and to continue the international expansion plan begun by the previous management/ shareholder group.

“We are very excited by this development which with facilitates Global Maritime’s continued expansion at a faster and more expansive pace, whilst maintaining our position as an independent provider of high quality services to our customer base. Global Maritime will be able to offer greater and more varied career opportunities for our staff that we could not provide without a strong and well capitalized partner to support our continued expansion” commented Jan Vatsvåg, Global Maritime’s Chief Executive Officer.

“Global Maritime and its excellent management team and staff provide a unique platform to build a global leader within offshore marine engineering. The company has been on our radar for several years and we are delighted that we have finally agreed to join forces” said Gunnar Halvorsen, HitecVision Senior Partner.

www.globalmaritime.com