Gauthiers’ announces the acquisition of an equity share of Modex, a leading international manufacturer of DNV-certified offshore equipment. As part of the transaction, Gauthiers’ will merge its operations with Modex to create the world’s third-largest offshore container company, with an inventory of 17,000 units, a global presence and comprehensive service offerings from engineering and manufacturing to the sale and leasing of offshore containers and modules. Modex currently has operations in Norway, Brazil, UAE, Australia, Singapore, Malaysia, Indonesia, China and the United Kingdom (Aberdeen) with further growth planned in the near future.
This new partnership provides substantial advantages to both parties. Gauthiers’ benefits from adding full in-house manufacturing design and production capacity as well as capital support for its continued growth, while Modex gains access to the North American oil and gas market via Gauthiers’ locations, expertise and relationships with operators, contractors and service companies in the Gulf of Mexico.
Gauthiers’ branding materials will be updated to include “A Modex Company” to reflect its expanded capacity and new global service offerings. Meanwhile, Gauthiers’ existing Louisiana locations (in Lafayette, Houma and Port Fourchon) will continue under the same management while offering an even broader range of customized units along with a larger available inventory.
“It will be business as usual – only better – with the merged company. Our customers will still receive the same outstanding service they always have, only now they will gain access to additional units, more facilities, new models and direct factory support,” said Gauthiers’ President Robert Gauthier. “What’s more, we can now serve customers anywhere in the world.”
Modex is the leading integrated Cargo Carrying Unit (CCU) manufacturer and rental provider in the world. Unlike other CCU providers that subcontract their production, Modex owns and operates the most advanced CCU and cabin manufacturing facility in the world, capable of producing 5,400 CCUs and 120 cabin units per year.
“Gauthiers’ is an ideal partner for us because of their experience, facilities and long-standing customer relationships throughout the Gulf region. And just as importantly, they are industry leaders in the development and implementation of international safety standards,” said Modex CEO Eric Snellen.
