Already a leading provider of subsea products, Advanced Insulation is strengthening their Subsea division with the acquisition of Bardot, a French-based specialist who engineer and design all S.U.R.F functions based on polymers, syntactic or steel technologies.
As part of the acquisition, a new company, AIS Bardot has been created. They will operate independently but collaborate with Advanced Insulation to bring a wider range of products to both companies customers.
To facilitate this, Greg Hue, currently Global Sales Manager, will become country manager for France. In his new role, Greg will continue to lead sales for AIS marine division (Manuplas®) whilst integrating AIS Bardot product range and solutions into the portfolio. Greg Hue commented; “Our combined strengths will help customers, achieve cost efficiencies and have access to a broader range of products and solutions”.
This acquisition comes after Advanced Insulation announced the expansion into a new unit in Gloucester to meet increasing demand for their subsea product range.
Andrew Bennion, Group Managing Director, commented: “This acquisition perfectly aligns with our growth strategy and meets criteria that we have already set out including: technology that complements our existing business, strong customer base and the ability to leverage our effective operating model.
He continued: “While Covid-19 has created some unexpected challenges, we are confident that our agility and continued investment in research and development will deliver continued growth.”
The Bardot Group is well known as a designer and manufacturer of polyurethane moulded products including bend restrictors and bend stiffeners. They have developed a range of additional solutions (e.g. subsea buoyancy, water intake risers, ballast systems, clamps etc.) to support the oil and gas and renewables sectors which complements and extends Advanced Insulation’s current product range.