Shearwater GeoServices has acquired Phoenix Engineering Systems Limited, bolstering its position in the marine seismic exploration market.

Target Information

Phoenix Engineering Systems Limited, based in West Yorkshire, has been successfully acquired by Shearwater GeoServices with the transaction overseen by KBS Corporate. Phoenix Engineering Systems has established a strong reputation in the international marine seismic exploration market, offering a comprehensive range of design, manufacturing, and maintenance solutions. Renowned for its expertise in vibration isolation, the company provides patented PVIM (Phoenix Vibration Isolation Module) products that are utilized by the three largest fleets in the world. Initially founded by Managing Director Donald Wallace in Sydney, Australia, Phoenix has seen significant growth over the last nine years, relocating to the UK in 2016.

Industry Overview in the UK

The marine exploration industry in the UK has experienced considerable growth, driven by advancements in technology and increasing demand for seismic data. As a key player in the global market, the UK's marine engineering sector is continuously evolving, addressing the needs of various industries, including oil and gas, renewable energy, and environmental monitoring. The emphasis on sustainable practices has also led to an increase in marine surveys aimed at understanding and preserving marine ecosystems.

Regulatory frameworks are becoming more stringent, which in turn is motivating companies to seek innovative solutions to fulfill their compliance requirements. The growing trend t