Navig8 Group is to establish its own fleet of offshore support vessels through the acquisition of Singapore-headquartered RKOffshore Management (RKOM). The value of the deal was not disclosed.
RKOM owns 19 anchor handling tug support (AHTS) vessels, plus two newbuildings, according to its website. It has another AHTS and a diving support vessel under management.
Navig8 said the deal is expected to close before April 30, subject to certain conditions being fulfilled, after which the offshore service company will be rebranded as RK8.
RK8 will provide integrated QHSSE-compliant commercial and technical management services to platform supply vessels and AHTS vessels, the buyer said.
“We believe current dynamics within the energy exploration and production industry have created a unique opportunity for Navig8 to extend its commercial and technical services to the offshore energy sector while at the same time expand our geographical footprint to West Africa,” said Nicolas Busch, CEO of Navig8 Group.
“We are pleased to have found strong partners in the RKOM team with an established platform unique within the sector. Leading technical and commercial management is critical in the offshore services industry. Charterers demand exemplary knowledge and local presence as well as an integrated service from their suppliers, which together with RKOM we will provide.”