CWL Capital’s portfolio is a testament to our global outlook and commitment to diversification. We reached out to several companies within the group to understand how joining CWL Capital has not only aided in their growth but also created a cohesive approach to projects.
Nick Veitch, Managing Director of Geo Oceans, has discussed how CWL Capital has benefited Geo Oceans. Please read below:
What were the key drivers and anticipated benefits you saw in joining the group and share some examples of those benefits being realised?
Joining CWL Capital has been transformational for Geo Oceans. CWL gave us the confidence and support to pursue international growth and expansion whilst also investing heavily in new technology development.
Can you share your experience regarding the initial integration into the Group and how this has impacted your business and team since joining?
CWL is like a large family. The personalised approach and focus on supporting people through good times and bad has helped our teams thrive through the COVID pandemic and then launch for growth following it.
How would you respond if the founder of a new company were to ask you personally for details on you being given the freedom to run your business and the support or freedom to accelerate growth?
CWL encourages and supports entrepreneurial initiative and empowers founders to do what they do best. Where strong growth potential exists, the group is there to back it and assist wherever possible.
How has Joining the group contributed to your company’s growth, innovation, and ability to tackle challenges? Could you provide a specific example where this support significantly influenced a project or investment decision?
CWL Capital’s support has enabled Geo Oceans to simultaneously invest in international expansion, technology research and development and investment in capex which has accelerated our growth considerably. In May 2024, Geo Oceans and our sister company Sonomatic achieved a world first entirely robotic special survey inspection of a cargo oil tank onboard a Shell FPSO in the USA. This industry changing achievement would not have been possible without CWL’s support.
Can you discuss a particular instance where collaboration within the Group led to enhanced outcomes for your company, whether it be through shared knowledge, technologies, or market opportunities?
Geo Oceans is fortunate to regularly collaborate with other CWL Capital companies including Sonomatic, Vertech Group and AUAV who all provide complementary specialised service offerings to a similar client base. Geo Oceans and Sonomatic have collaborated several times to develop miniaturised subsea advanced NDT inspection tools that can be deployed by small asset deployed ROVs. These tools significantly reduce costs for our clients whilst also reducing Scope 3 Carbon emissions by up to 95% and producing advanced inspection data such as corrosion maps which are crucial for making informed asset integrity decisions.
CWL Capital’s portfolio exemplifies its global perspective and dedication to diversification. Through support and collaboration within the group, companies like Geo Oceans have achieved significant growth and innovation. Nick Veitch, Managing Director of Geo Oceans, highlights the transformational impact of joining CWL Capital, noting the support for international expansion and new technologies. The synergy within CWL Capital has enabled companies to deliver comprehensive services, reduce costs and emissions, and drive significant advancements in their respective fields.
