Bid time20 Dec 2018 00:04
GMS was established in the UAE in 1977 and has successfully expanded its fleet and geographical coverage, from a local operation in Abu Dhabi to become the number one player in the Middle East, and is now the largest operator of advanced self-propelled self-elevating support vessels (SESVs) in the world. The Group listed on the London Stock Exchange in March 2014.
GMS’ assets provide a stable platform for the delivery of a wide range of services performed by the Group’s clients throughout the lifecycle of offshore oil, gas and renewable energy projects. The vessels are capable of operations in the Middle East, South East Asia, West Africa and Europe.
The Group constructs and maintains its vessels at its yard in Abu Dhabi; its extensive new build programme in recent years has made the GMS fleet the most sophisticated in the industry. The current core fleet comprises 13 SESVs.
Multinational oil company come in with a bid of 100 million, they would have to be mad not to at this level. Net assets and equity are 800 million dollars the market cap is 27 million