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08/03/19

Acquisition of 25% stake

in guardian geomatics

Guardian Geomatics Pty Ltd (“Guardian Geomatics” or “Guardian”) and Ocean Infinity are pleased to announce they have agreed terms for the acquisition by Ocean Infinity of a 25% stake in Guardian Geomatics.

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Guardian Geomatics is an Australian marine survey company based in Perth WA, servicing the offshore oil & gas and renewable markets, with a footprint across Australia, PNG, NZ and the broader Asia Pacific region. Oliver Plunkett, Ocean Infinity’s CEO, said:

“An essential part of our approach to growing our business is to build deep relationships with likeminded, dynamic and entrepreneurial partners. During the time we have been working with the Guardian team they have surpassed expectations on every criteria. This new partnership will cement our relationship and, as we look forward to our fleet of three ships and 15 AUVs serving clients around the globe, was an obvious next step for us to take.”

Guardian Geomatics Pty Ltd Managing Director, Paul Kennedy, said:
“This is a massive vote of confidence in the future of Guardian Geomatics. Along with access to Unmanned Surface Vessel’s (USV’s) and our current survey outsourcing contract with Ocean Infinity for the Island Pride, we have surpassed many of the goals we set ourselves when we established the company a year ago. We are excited about the opportunities this new partnership with Ocean Infinity will bring.”

Additional information is available at oceaninfinity.com and guardiangeomatics.com

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