Gardline Marine Sciences Limited Reaches Agreement with Java Offshore Sdn. Bhd to divest its shareholding in Asian Geos Sdn. Bhd.
Following a strategic realignment of its business, Gardline Marine Sciences Limited (Gardline) has divested its shareholding in Asian Geos Sdn Bhd which has been acquired by the Indonesian company Java Offshore Sdn. Bhd. This transaction is a positive accomplishment for all parties involved.
This divestment will enable Gardline to focus on regional expansion as part of the global delivery of its high specification vessel based geotechnical solutions in both shallow and deep water environments, while ensuring no disruption to Gardline’s global client base. Changing trends in the offshore industry made the decision a natural progression for both companies.
‘’Selling a group company is a difficult process, given the potential impact on our clients and the markets in which we operate’’ said Paul Stanley, Managing Director, Gardline Marine Sciences Limited. ‘We believe we made every effort to; and have successfully identified an appropriate buyer for Asian Geos Sdn Bhd and we want to thank our clients who have supported the company for so many years. Gardline will continue to maintain and develop its local regional presence to better serve our clients from our vessels in the APAC region.’’
For further information, please contact:
Simon Redford – Regional Manager
T: +44 (0)1493 845600
Notes to Editors:
Gardline Marine Sciences Limited (GMSL) is a leading marine contractor specialising in geophysical, hydrographic, environmental, oceanographic and geotechnical surveys. The company provides a wide range of integrated marine science services including: 2D seismic exploration, 2D/3D high resolution data acquisition and interpretation, shallow gas hazard analysis, seabed mapping, shallow to deep water soil investigation, nearshore and coastal surveys, water flow measurement and water quality.
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