GeoQuip

About GeoQuip

What does it take to build a business that operates on every continent except Antarctica? For GeoQuip Marine, it started with a specific focus. In 2011, the company was established by Andrew Wright, an engineer with decades of experience in the offshore geotechnical industry. The business centers on a crucial niche: acquiring and analyzing data from the seabed for energy companies and infrastructure developers. This information is essential for designing and installing offshore structures like wind turbines and oil platforms. The company's journey involved a significant event in 2018 when the investment fund Njord Partners took a majority stake. This came after Njord first invested in 2014, a difficult period for the oil and gas sector. The increased investment followed a year where GeoQuip Marine reportedly doubled its turnover, signaling a major turnaround. This partnership provided the capital to support the company's growth, particularly in the expanding offshore renewables market. This strategic focus on renewable energy proved timely. The growing demand from offshore wind farm developers has fueled the company's expansion, leading to the acquisition of more specialized vessels to meet the need, especially in Europe and North America. Today, with a fleet of geotechnical vessels and a series of strategic leadership appointments, the company continues to provide critical data for the world's evolving energy infrastructure.