Wednesday 12 September 2018

Leading offshore geotechnical engineering and drilling company Geoquip Marine has attracted major investment from Njord Partners, a specialist European investment fund.

Njord Partners first invested in Geoquip in 2014, at a time when the company's main activities in the oil and gas sector were considerably affected by a global downturn. The new investment has been made following a record-breaking year for Geoquip in which the company presided over a 100 per cent increase in turnover and a 50 per cent increase in profit and will be used to support ongoing forward growth plans.

As a result of the investment Njord Partners Co-Portfolio Manager Arvid Trolle will be joining the board of Directors at Geoquip with immediate effect, where he will work with Chief Executive Officer Stewart Higginson and Executive Chairman of the Board Andrew Wright.