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Vallianz acquires OER to strengthen its South East Asia operations

01st October 2014

Vallianz Holdings has announced that it is acquiring OER Holdings Pte. Ltd (OER) for USD 27.7m to strengthen its operations in South East Asia

Vallianz acquires OER to strengthen its South East Asia operations
Vallianz Holdings is a fast growing provider of offshore support vessels and integrated offshore marine solutions to the oil and gas industry

The acquisition will enable the Vallianz to attain greater efficiency in the management of crew personnel and raise the value of its services to customers in the Asia Pacific region. At the same time, it will also expand the group’s customer base and geographical footprint.

The acquisition follows on the heels of Vallianz’s recent purchase of a marine base in Batam, Indonesia. These initiatives are complementary to the group’s vessel chartering and third-party vessel management businesses and will lead to further integration within the organisation.

“The group provides crew personnel as part of our services for our vessels under charters, as well as for third-party vessels,” said Darren Yeo, chief executive officer of Vallianz. “By acquiring OER, we will be able to consolidate the management of crew resources under one roof, and benefit from improved operational efficiency and economies of scale. We can also enhance the value of our services to customers by providing a complete solution to address their manpower requirements.

“Furthermore, we believe there are potential synergies that could be realised from the acquisition of OER. Besides providing an additional source of revenue and income, it will open pathways for the group to new customers and geographical markets, particularly in Asia.”

Headquartered in Singapore, OER is a provider of manpower services to the offshore industry and has been supplying professional crew with proven experience in offshore work and related hospitality services to clients worldwide including Brunei, Indonesia, Malaysia, Vietnam, Thailand, India and Mexico.

OER was founded by Sugianto Tandio, a respected business entrepreneur who has gained recognition for his achievements through several awards, notably the World Economic Forum's 2013 "Schwab Foundation Social Entrepreneur of the Year Award" and the "Ernst and Young 2013 Entrepreneur of the Year Innovation Award".

Tandio is Indonesian and a Master of Science graduate from the Process Automation Engineer program at the University of North Dakota, USA.

Vallianz Holdings is a fast growing provider of offshore support vessels and integrated offshore marine solutions to the oil and gas industry. Headquartered in Singapore, the group provides offshore marine services to oil majors and national oil companies worldwide. 

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