UK-based Envoy Group has acquired the marine engineering company Avantis Marine to target carbon reduction and clean energy solutions for offshore markets, according to Offshore Engineer.
Avantis specialises in marine engineering with a focus on environmental performance and clean technologies for the shipping, oil and gas and passenger transport markets. The business is headquartered in the Marshall Islands, and operates from bases in the UK, Monaco, Dubai, Singapore and Miami.
Iain MacGregor, CEO of Envoy, a 2019 spin-off from oilfield service company Global Energy Group, said: “The world is turning its attention to carbon reduction and environmental awareness. Much of the Envoy portfolio seeks to address these themes, not just
Iain MacGregor, chief executive of the Inverness-based investment group, said the acquisition of Avantis Marine, would take it into new and “unusual” areas, including projects on cruise liners and large cargo vessels, according to Energy Voice.
The acquisition is understood to involve a low seven-figure price, although no exact value was given.
“The Avantis acquisition gives Envoy the technical capabilities to support this effort in traditional offshore and marine markets.”
From exhaust gas cleaning systems for cargo ships, to ballast water treatment systems for cruise liners or improving the efficiency of an FPSO’s (floating production storage and offloading) boiler system – Avantis has a wealth of experience in multiple world-wide locations, with 200 employees based in strategic locations globally, Envoy said.
Avantis’ UK-based Managing Director, Tom David, said: “While the management are predominantly based in the UK, demand for our solutions often come from foreign markets. Our teams are currently completing major turnkey upgrades to Hawaii registered cargo ships afloat across the west coast of America & Canada. We also have projects throughout the Mediterranean on cruise ships, as well as work kicking off on FPSOs in Asia. Our experience on high-pressure systems also takes the business into other onshore markets.”
PHOTO: Envoy Group