Noble Denton Strengthens Its Int'l Capabilities with Lowe Acquisition
Noble Denton Group has acquired Lowe Offshore International. The move will significantly strengthen the Group’s international capability and increase annual turnover to in excess of 100 million USD.
Noble Denton Group has experienced spectacular growth in the last few years, capitalising on increasing demand for consulting and engineering services in the offshore marine and energy markets. In April this year the Group acquired the Oslo based engineering firm Index and in July it acquired consultancy firm Poseidon Maritime (UK). The acquisition of Lowe Offshore will double the size of the group’s operations in Houston to employ over 100 highly skilled personnel and provide an international capability for the provision of best in class project management and engineering services.
Personnel from Noble Denton’s project management and engineering subsidiary Offshore Dynamics will move into Lowe Offshore’s existing premises in Houston to create a new specialist offshore project management and engineering alliance. All staff from both companies will be retained and an active recruitment campaign will be initiated.
David Sutton, chief executive officer of Noble Denton Group, said: "This is a hugely exciting time for the Group and we look forward to a successful and rewarding working partnership with Michael Lowe and all the LOI employees. Lowe Offshore has a long history of reducing customer project execution risks by providing high quality project management systems and best in class personnel. The company is a very good fit for Noble Denton and will underpin the Group’s recent consolidation of the Offshore Dynamics brand as a global project management and engineering service provider. The move will open up a lot of exciting new opportunities for both companies, especially in deep water and floating production applications."
Noble Denton dates back to 1904 and today has more than 450 specialists in key oil and gas industry centers in Europe, North and South America, the Middle and Far East. It is backed by two investment groups, Ferncliff TIH and HitecVision, which are both fully committed to further growth.
Earlier this year, the Group consolidated Offshore Dynamics Inc as a separate division by setting up new associated companies in Houston and Sharjah to complement existing entities in London, and Singapore. These companies have already established impressive track records by undertaking and completing engineering and project management contracts for a wide range of applications including; Floating Production Supply and Offloading (FPSO) vessel positioning and mooring hook up, topsides floatover and deck mating, mooring repair and refurbishment, jack-up design and construction supervision and Single Point Mooring (SPM) installation, repair and inspection.
Lowe Offshore International Ltd. was founded in 1981 to provide complete project management services to the oil and gas industry. It provides a comprehensive range of services including: project management, construction supervision, procurement, regulatory interface, quality control and assurance. The company has a strong track record for the effective completion of both deep and shallow water developments and has experienced strong growth in the demand for these services during the current business cycle.
Michael Lowe, president of Lowe Offshore International Ltd. said: "The combination of our companies is an ideal opportunity because there is no overlap in services offered by Lowe Offshore and the Noble Denton companies. This will allow us to strengthen our project management skills and systems to offer the industry a total package of services for FPSO and deepwater projects. Noble Denton has established international offices which eases the burden to enter those markets. Our current Gulf of Mexico and International markets will remain a key part of our business plan with the enhanced services. "
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