sea frost psv go marine group

Otto Marine Completes Acquisition of Go Marine Group

Rob Almeida
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May 19, 2014

Go Marine Group’s Sea Frost, a Ulstein PX-105-design PSV, is current on contract with Apache

Singapore-based Otto Marine announced today they have purchased the remaining 10 percent block of shares of Perth-based offshore services provider, Go Marine Group Pty Ltd.

Otto Marine’s wholly owned subsidiary Otto Ventures Pte Ltd owned 90 percent of Go Marine Group’s shares prior to today’s acquisition.

Go Marine Group’s Executive Director and Group CEO Garrick James Stanley is the beneficial owner of 89,335,714 new shares in Otto Marine Group, valued at USD $5 million.

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