EV Private Equity
EV is a technology-enabled impact investor, committed to applying its specialist expertise, experience and global reach to build world-class companies which generate superior returns while materially reducing greenhouse gas emissions.
In March 2019, EV Private Equity injected a multi-million pound investment into the company, with Motive aiming to become a £30m EBITDA (earnings before interest, taxes, depreciation, and amortisation) business within five years.
Value through smart solutions
Following a long history working together, in December 2019 Motive completed the acquisition of Stavanger-based Pumptech AS, now operating under the Motive Offshore Group brand.
Specialists in flexible flowlines and umbilical testing and with 20+ years experience in the oil and gas, renewables and maritime sectors, Pumptech brings a notably-large fleet of zone 2-accredited HPUs, high pressure testing and flushing equipment and subsea tools to the Motive portfolio.
Additional services available include hydraulic, fiber optic and electrical testing.
Part of the continual drive by Motive to offer unparalleled solutions for the back-deck and beyond, together our capabilities enable us to strengthen our Flexibles division offering to include the deployment and testing of umbilical equipment and associated services.