Gauthiers’ has announced the acquisition of an equity share of Modex, a leading international manufacturer of DNV-certified offshore equipment from Norway. Modex operates in Norway, China, Indonesia, Malaysia and China, among others, with further growth planned in the near future.
As part of the transaction, Gauthiers’ will merge its operations with Modex to create the world’s third-largest offshore container company, with an inventory of 17,000 units, a global presence and comprehensive service offerings from engineering and manufacturing to the sale and leasing of offshore containers and modules.
Modex is the leading integrated Cargo Carrying Unit (CCU) manufacturer and rental provider in the world. Unlike other CCU providers that subcontract their production, Modex owns and operates the most advanced CCU and cabin manufacturing facility in the world, capable of producing 5,400 CCUs and 120 cabin units per year. Modex provides services for the global sales and rental markets efficiently and cost-effectively, while consistently delivering products of the highest North Sea standards.
“Gauthiers’ is an ideal partner for us because of their experience, facilities and long-standing customer relationships throughout the Gulf region. And just as importantly, they are industry leaders in the development and implementation of international safety standards,” said Modex CEO Eric Snellen.
This new partnership is a win-win for the parties: Gauthiers’ benefits from adding full in-house manufacturing design and production capacity as well as capital support for its continued growth, while Modex gains access to the North American oil and gas market via Gauthiers’ locations, expertise and relationships with operators, contractors and service companies in the Gulf of Mexico.
Gauthiers’ branding materials will be updated to include “A Modex Company” to reflect its expanded capacity and new global service offerings.
“It will be business as usual – only better – with the merged company. Our customers will still receive the same outstanding service they always have, only now they will gain access to additional units, more facilities, new models and direct factory support,” said Gauthiers’ President Robert Gauthier. “What’s more, we can now serve customers anywhere in the world.”
Gauthiers’ offers sale and rental of offshore containers, baskets and support equipment for domestic and international oil and gas industry customers. The company specializes in DNV 2.7-1/EN12079/IMO MSC/Circ. 860 certification standards. The ISO 9001: 2008 certified company serves clients locally and globally with locations in Lafayette, Houma and Port Fourchon, La.