OCB Oilfield Services, a Gulf Capital portfolio company, has completed the acquisition of Kuiper International, as part of a four-year expansion plan to increase its business value by 300 percent.
Kuiper International, established in 2010 and headquartered in Singapore, is a player in the offshore construction and maintenance services segment, with a particular stronghold in both APAC and Australia.
George Gourlay , chief executive officer of OCB, said: “The Kuiper acquisition is key to both our growth and diversifications strategies, the purchase is in line with our strategy of complementing our organic growth with strategic acquisitions from different sectors of our industry.”
Harry Somic , managing director of Kuiper, added: “We are delighted to join the OCB family. Doing so means we join a leading provider of speciality manpowered services, and becoming a part of this growing company will allow us to provide our own services to a broader set of customers in the markets OCB serves.”
As a result of this acquisition, a new group brand will be established in order to ease growth through both the integration of these two organisations and the future acquisitions of well-positioned, complementary businesses.