New acquisition adds complementary services and significantly bolsters the Group’s Norwegian fleet.
Hoover Ferguson Group (Hoover Ferguson), an integrated service provider of chemical tanks, cargo carrying units, catalyst bins, modular containers and other related rental products and services to the global energy, petrochemical and general industrial end markets, announces today that it has reached an agreement with Uniteam Holding AS (Uniteam) to acquire its offshore container rental business.
The transaction, which includes a specified fleet of standard and customized offshore containers for the oil and gas market in both Norway and Malaysia, increases Hoover Ferguson’s portfolio within the Norwegian CS and strengthens its position within Asia.
Lars Olav Matre, Hoover Ferguson’s Norway Managing Director said: “We are impressed with the quality of Uniteam’s fleet and are excited about the prospects that this acquisition will bring. The consolidation of our operations will provide our customers with an unparalleled level of quality and operational excellence along with an increased portfolio of offshore container solutions.”
Sonnie Groombridge Managing Director, Hoover Ferguson APAC continues, “This purchase provides us with an increased range of containerized products, enabling us to better serve our Malaysian oil and gas customers.”
Kjell-Ivar Myrvang, CEO of Uniteam said: “We are pleased to announce this agreement with Hoover Ferguson as it embarks on an exciting period of growth. Hoover Ferguson is well known for its strong focus on customer service and we are confident that this agreement will provide inherent benefits to our customers.”
Last month Hoover Ferguson Group was established following the merger of three leading global providers of container solutions; Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers, giving them the world’s largest fleet of rigid steel, intermediate bulk containers and an extensive and complementary fleet of cargo container units.
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NOTES TO EDITOR
The offshore assets of Uniteam’s rental fleet will be incorporated into Hoover Ferguson’s Offshore strategic business unit which designs, engineers, and manufactures workspace and accommodation modules, intermediate bulk containers (IBCs) and cargo carrying units (CCUs) for the global oil and gas industry.
In October 2016 three leading global providers of container solutions; Hoover Container Solutions (“Hoover”), Ferguson Group (“Ferguson”) and CHEP Catalyst & Chemical Containers (“CCC”), finalized a merger to form Hoover Ferguson Group (Hoover Ferguson).
Hoover Ferguson brings together three market leading service providers with demonstrated commitment to world-class customer service, quality and operational excellence. The newly merged company specializes in container, workspace and packaging solutions for the energy, petrochemical and general industrial enterprises; with a comprehensive service offering delivered through a strategic global network.
With a combined 215 years of service, Hoover Ferguson boasts the world’s largest fleet of IBCs with an extensive and complementary fleet of CCUs for the transportation and storage of cargo, liquid and waste products.
Hoover Ferguson has a fleet of more than 110,000 units providing its customers with innovative and reliable products focused on safety, quality, and efficiency and available through a network of over 70 service centres around the world.