Five months after Motive Offshore Group acquired Flowline Specialists - the second strategic acquisition we have made within the last two years - Motive has reported a positive start to 2021 with a number of key contract awards, appointments, and significant internal restructuring reflecting continued growth.
Motive, specialises in the design, manufacture, rental and inspection of marine and lifting equipment and now delivers our innovative, solutions-based services via five global operating bases, undertaking projects in over 50 countries, worldwide.
Consolidating its service lines, Motive launched three key divisions earlier this year: Rentals, Engineering and Spooling and Inspection. This move has been reflected by several high-level appointments which include Ross Whittingham as Rentals Division Managing Director, Ben Coutts as Engineering Division Managing Director, and Graeme Chalmers as Regional Manager of MENA. Developing Motive’s newly opened renewables hub in Taiwan will be current Business Development Director, Eddie Moore, who relocates to the Far East as Regional Director of APAC.
Supporting the company’s global growth and diversification, contracts worth in-excess of £16million have so far been secured for 2021. In addition to a number of oil and gas rental, manufacturing and inspection contract awards, 30% of revenue generated is attributable to Motive’s strategic transition into renewable energy.
David Acton, Motive CEO comments:
As the global journey towards carbon neutrality gathers pace, we have identified significant growth and potential in the renewable energy sector. Our knowledge and expertise give us the ability to pursue and increase our market share in this area, whilst creating sustainable project solutions which provide long-term value to our clients.
With such a strong start to Motive’s year, supported by a clear strategic vision and commitment to our environmental, social & governance (ESG) principles, we look forward to continuing to deliver an unrivalled service. In just over 10 years, we have grown from a team of four to a global company of 200 and it gives me huge satisfaction to see the Motive team achieving great things. Knowing that we have the best people, creating the best products and delivering the best performance is key to the development of the Group.David Acton, CEO @ Motive Offshore Group