Unique Group, global innovators in subsea technologies and engineering, has announced a 30% growth in revenue reflecting a strong financial performance in 2022. It has also invested 5 million USD for Research and Development (R&D) of new technology, thus strengthening its manufacturing and product portfolio.
Reflecting the company’s excellent financial performance, Unique Group has seen immense success through key contract wins with prestigious government institutions, as well as EPC contractors internationally. Doubling its fleet size this year, the company’s in-house developed vessels, Uni-Pact and Uni-Cat, have met rising customer demand and continue to create a positive impact in the industry.
With a key focus on developing and manufacturing new products in-house, Unique Group has launched over 10 products under its Survey Equipment division which have been deployed and mobilised to clients globally. With ambitious growth and development plans set for 2023, the company aims to increase its R&D capability internationally with multiple products in different stages of the development pipeline and several ready for launch in the new year.
Harry Gandhi, Group Chairman at Unique Group, comments, “After a few challenging years due to the pandemic and following the recovery, we are pleased to see the business and the industry record significant growth in 2022. Over the year, we have developed several new products which have all been quickly accepted by our clients. The success we’ve seen this year reflects the dedication of our global teams in delivering efficient and effective solutions for our clients. We will continue our commitment to providing the best customer service, innovation, and sustainable practices in 2023 as well.”
This year, the company also launched a new visual identity and positioning which reflects Unique Group’s growth over the last two decades, further strengthening its position in the industry. Key focuses for the company will continue to be technological innovation, operational excellence, and sustainability. These focuses will power Unique Group’s commitment to clients to look beyond the horizon of possibility and give them the tools to go there.
Under the guidance of the United Nations Sustainable Development Goals (UNSDGs), the company has reduced its carbon footprint by over 4% while, at the same time, recording a 20% growth in global operations. This is in line with its vision to drive sustainable operations throughout the business by taking action for promoting good health and wellbeing, reducing inequalities, practicing responsible consumption and production, and lastly, reducing its carbon footprint.
Unique Group has set the foundations to forecast a positive 2023, continuing to look at expanding its portfolio of solutions, growing into new markets and sectors, and advancing towards a sustainable future for the company and the industry as a whole.