Uniconn Group Set For Rapid International Growth Following Merger and Acquisition
Uniconn Group, formerly Uniconn Integrated Solutions, today announced its formation following a merger and acquisition. The new group has created four key energy sector divisions – Torque Test, 247 Engineered Solutions, Uniconn Rentals and Artemis Service & Inspection.
The merger with Torque Test and acquisition of O’Neils Manufacturing Services, now 247 Engineered Solutions, totaling £2.1 million, now sees the Group as a leading supplier of rental equipment, manufacturing, fabrication, testing, repair and inspection services to the energy sector.
Uniconn Rentals, now part of the Uniconn Group, began as a single oilfield services company formed 14 years ago by David Clark, now Uniconn Group Managing Director.
David Clark, Managing Director of the Uniconn Group, says, “The UK market requirement for our Group services is extensive and projected to grow by 20% next year, primarily as companies try to maximise returns from their existing asset base, the increases in gas shale production from incentives and also from the future decommissioning of ageing oilfields. De-stabilisation in international oil producing regions has also increased activity in the North Sea area, further improving the overall sector in revenue possibilities.
David continues, “Following the new company formation, the organisation is set for a rapid period of growth, both locally and internationally. We have increased personnel by 13 to 41 over the past year, where the expected revenue for 2013 is £5.9million.
“Our future plans for the Group include employing a further 15 to 20 staff in the next six months and opening three overseas facilities, which will include a manned office in Singapore and distribution bases in Australia and Holland to assist the global supply network.”
The expansion sees the Group now operate out of seven units on Howe Moss Drive, including the latest facility, a 16,000 sq ft building that will house the Torquing and high pressure testing division. The fully-integrated service company supports the UK and international markets, and supply’s’ services to drilling and service companies, operators and turnkey solutions groups.
David concludes, “The key operating philosophy of the new expanded company will remain that of service quality, with a strong focus on effective relationship management of both the existing loyal customer base and new customers. Effective staff training and development will be key in achieving this goal, and this will be achieved through the introduction of an effective competency based system to encompass the whole group.”