Hoover Ferguson Acquires Offshore Assets Of Uniteam Holding AS

Hoover Ferguson Group (Hoover Ferguson), the global leader in container, workspace and packaging solutions for the energy and petrochemical industries and general industrial enterprises, has acquired the rights and obligations of Uniteam Holding AS’s (Uniteam’s) offshore container rental business.

The transaction, which includes a specified fleet of standard and customized offshore containers in Norway and Malaysia, increases Hoover Ferguson’s established portfolio within the Norwegian oil and gas market and strengthens the Group’s footprint in Asia.

Hoover Ferguson’s Norwegian management team will continue to lead Uniteam’s operations, supporting its customer base through the transitional period.

“We have been impressed with the quality of Uniteam’s fleet and are positive about the prospects this acquisition will bring,” said Lars Olav Matre, managing director of Hoover Ferguson Norge. “The consolidation of our operations will provide our customers with an unrivalled choice of offshore container solutions and deliver increased scope for our Norwegian and Malaysian businesses.”

Kjell-Ivar Myrvang, CEO, Uniteam, said, “We are pleased to have signed this agreement with Hoover Ferguson as the company embarks on an exciting period of growth. Hoover Ferguson is well-known for its strong focus on exceptional customer service and we are confident that this agreement will provide tremendous benefits to our offshore client base.”

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). 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.

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, IBCs and CCUs for the global oil and gas industry.

About Hoover Ferguson Group
Hoover Ferguson Group is 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. The company provides its customers with comprehensive liquid, cargo, waste and specialized container solutions as well as a range of complementary services including cleaning, refurbishment, recertification and logistics. The company provides the highest quality products designed to meet DNV 2.7-1/EN 12079 certification standards and has achieved ISO 9001, ISO 14001 and OHSAS 18001 accreditations and an elevated UN 11 A/X certification. Hoover Ferguson was founded in 1911 and today has a rental fleet of more than 110,000 units in 70 locations and 26 countries.  For more information, visit www.hooverferguson.com.