Ocean Kinetics buys 25% of MMG Ocean

The deal will allow MMG Ocean to expand facilities and jobs in the products and services to the marine, aquaculture, fishing, and energy sectors in which it operates, including steel, stainless steel and aluminium.

The partnership “aims to drive innovation and growth in the marine engineering sector,” the firms say.

The two businesses have worked on a number of projects in the past, including an energy storage system for the aquaculture sector and the construction of metal frames for deployment in the offshore wind sector.

“We are really excited about our partnership with MMG Ocean, which brings together Ocean Kinetics’ extensive industry experience, market reach and resources with MMG Oceans’ innovative product development and access to European markets,” said John Henderson, managing director of Ocean Kinetics. “It undoubtedly underscores the synergy between the two companies and positions us as industry leaders across a range of sectors.”

“Fusing the design expertise and production capacity of both companies gives us the ability to fulfil major contracts in renewables, energy, marine, aquaculture and fisheries, decommissioning, power, and utilities sectors across the UK, Ireland, Europe, and beyond,” said managing director of MMG Ocean, Martin McGuiness.

 Ocean Kinetics counts its specialisms as fabrication in steel, stainless and aluminium, machining and manufacture, inspection and testing, industrial insulation and cladding, rope access and underwater works. 

In 2018 MMG secured a European and US patent on its MMG Ocean Gangway Systems, which feature a folding mechanism designed to provide customised, automated gangway solutions to increase safety on vessels and improve operational efficiencies.