CWL Capital 2024 Recap: A Year of Growth and Strategic Expansion
As we reflect on the past year, CWL Capital is proud to share some of the key milestones and achievements that have shaped 2024. From expanding our global footprint to securing major projects and forming new strategic partnerships, this year has been one of growth, innovation, and success.
Establishing Our Headquarters in Abu Dhabi
One of our most significant milestones in 2024 was the establishment of our new headquarters in Abu Dhabi. This move marks a major step in our global expansion strategy, solidifying our presence in a key international hub and positioning us for future growth globally.
Successful Project Deliveries
Our team delivered on major projects, supporting our partner companies and their leadership teams across the globe. From Vertech Group completing a commercial build for the awarded Rio Tinto Parker point project in Australia to supporting Sonomatic on major tenders in the Gulf of Mexico (GOM) and UK.
Strategic Global Support
CWL Capital supported our group companies and business partners to build business and strategic plans across multiple regions, including Australia, Brazil, Guyana, West Africa, and the Gulf of Mexico. Understanding the unique value proposition of each company, our clients’ challenges and needs, market dynamics and the group infrastructure enabled us to set specific, measurable and achievable growth targets for the year(s) ahead.
Strengthening Our Portfolio
In a major step toward expanding our investment portfolio, and adding a world class management team to our group we completed the majority share purchase of both Pressure Dynamics and United Fluid Power. These new partnerships have strengthened our capabilities and service offerings in the hydraulic, crane and machining disciplines, allowing us to provide even greater value to our partners and clients.
New Joint Venture in Brazil
CWL Capital successfully supported the establishment of a new joint venture between Fototerra and Sonomatic, headquartered in Rio De Janeiro Brazil. This collaboration extends our capabilities and reach in the region, leveraging Fototerra’s market experience and Sonomatic’s expertise in subsea and advanced inspection expertise to provide our customers with an unrivaled capability and the group’s proprietary technologies and systems.
Geo Oceans Brazil Expansion
2024 also marked a key achievement for Geo Oceans, as we established Geo Oceans Brazil and laid the groundwork for its infrastructure. This expansion aligns with our strategic vision of growing our presence in emerging markets and strengthening our service capabilities in offshore inspection and asset integrity.
Exciting M&A Developments
Looking ahead, we have two exciting mergers and acquisitions (M&A) deals on the horizon. Stay tuned for more updates as we continue to expand and diversify our business portfolio.
Looking Forward to 2025
The year ahead will be one of strengthening our current partnerships, assisting the organic growth of the group, and providing value and support to the founders, leaders, and entrepreneurs across the portfolio. We are also looking forward to announcing two new partnerships in the coming weeks and months.
Stay connected for more insights and developments as we continue our journey of innovation and growth!
