We are well positioned to compete in our core markets and specialist business segments. The ongoing geopolitical environment continues to provide a strong backdrop for us to deliver against key megatrends including, energy security, decarbonisation, localism and digitalisation.

• Market-leading positions across all three Divisions aligned to our growth strategy.
• Energy and Defence capabilities tailored to future growth areas and spend, including the energy transition and marine defence security threats.
• We have differentiated products and services across Maritime Transport, operating in a high barrier to entry market.

We are:

• #1 Global provider of compressed air solutions for bubble curtain providers in North America
• #1 Global provider of submarine rescue and saturation diving
• Leading provider of commercial diving equipment
• Global provider ship-to-ship transfer services

Our unique capability and deep expertise ensures we remain the customer partner of choice. We operate in 23 countries globally, providing safe, efficient operations in complex and hazardous environments.

• We are a globally trusted partner to our customers in all major operating regions across Europe, North and South America, the Middle East and Asia-Pacific.
• Across Energy, we have specialist expertise in construction, operations and maintenance, and decommissioning, helping our customers navigate the energy transition.
• In Defence, we have deep expertise in diving technology, hyperbaric rescue, submarine rescue, stealth mobility solutions and mission-critical support.
• We perform complex operations in Maritime Transport, across challenging marine environments.
• We are a trusted partner to our customers, with decades of project history and specialist capabilities

We are:

• Operating in 23 countries

• Employing over 1,900 people

Everything we do is in pursuit of solving our customers’ complex challenges. We deliver innovative solutions that provide a competitive edge, ensuring safety and service quality remain at the forefront of delivery.

• A pipeline of product and service innovation aligned to growing customer markets and macrotrends.
• Competitive advantage through first-to-market solutions.
• Leading technology with the ability to partner with industry, customers and academia to deliver innovation with agility.
• Robust, blue-chip customer base underpinned by long-term relationships.
• Over 175 years of history in adapting to meet the needs of a changing world

We have

• 15+ Years average customer relationship
• 15% Vitality (medium term target)

We are delivering our business turnaround strategy, becoming a stronger, more sustainable business. We have strengthened our financial foundations and have a clear roadmap to deliver margin improvement to support our growth strategy.

• Balance sheet is becoming stronger, and we are cash generative which allows us to invest in our strategic priorities.
• Long-term contracts and relationships, with recurring revenues and a first-class customer base.
• Margin improvement through improving business performance, self-help and supply chain efficiencies to drive sustainable growth.
• Asset-light with robust capital discipline investing in targeted growth.

We have:

• 10% Underlying Operating profit medium term target
• 15% ROCE medium term target