Motive Offshore forms flowline arm following Pumptech buy

Country manager Ryan Thomson and Richard Charles; Image: Motive

Marine equipment fabrication specialist Motive Offshore has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum.

Motive said that the acquisition of Pumptech reflected the growth strategy, which followed significant investment earlier this year from private equity firm EV Private Equity.

The company added that Pumptech was a flexible flowline and umbilical testing company with a large fleet of zone 2-accredited hydraulic pump units.

Motive COO James Gregg said: “We are already renowned for our capabilities in the field of winch production, rental and inspection; the launch of our Flexibles division builds upon many years of experience and track record in this segment and serves to formalize our expertise in the deployment and testing of umbilical equipment.

“Motive has had an existing relationship with Pumptech for some time, and on that basis, we are aware that there is a strong market demand for the services this acquisition provides to our clients.”

Motive added that Richard Charles was appointed as the Flexibles Division Manager. Commenting on his arrival at Motive, Charles stated: “There is a noticeable lack of comprehensive flexibles service providers in the North Sea; our immediate vision is to develop this in both the UK and Norwegian sectors.

“However, Motive’s impressive geographic footprint is already in place to facilitate future growth, and our ultimate objective is to build a holistic umbilical service on a global scale.”


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply