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Viking Offshore & Marine Singapore

Singapore

Company description

In 2010, the predecessor to Viking Offshore and Marine unveiled a blueprint to re-align our business focus to the O&M industry. We moved rapidly, starting with the acquisition of Viking Airtech Pte Ltd ("Viking Airtech"), a heating, ventilation, air-conditioning and refrigeration systems specialist. This acquisition provided us the perfect platform to launch ourselves into the O&M industry. Following the acquisition, we renamed ourselves Viking Offshore and Marine Limited ("Viking" or "Group") - a re-branding exercise necessary to identify ourselves with our new business focus. Viking Airtech became the pillar of the Group in our "bolt-on" strategy as we endeavoured to build our competence in the mechanical, electrical and electronics engineering services and to become a leading one-stop integrated solutions provider to our customers. During the course of the year, we bolted-on complementary capabilities with the acquisition of Promoter Hydraulics Pte Ltd, one of Singapore's leading suppliers of winches and power packs, followed by Marshal Systems Pte Ltd, a leading integrator for telecommunication systems, fire and gas detection systems, and control and instrumentation systems. We also have a 19.8% interest in Marine Accomm Pte Ltd, an accommodation fit-out specialist for the O&M sector. These companies are renowned specialist companies in their respective fields. Bringing them under the Viking umbrella provides the Group a much more compelling proposition to prospective customers seeking a single solution to their needs. The Group is now able to cross-sell to a larger customer base, deepen its penetration in the existing markets and venture into new markets.

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