Woodfield International, a leading manufacturer of products for the transfer of bulk fluids and gas, has announced its acquisition of Woodfield UK, marking a significant move in the marine loading arms industry. The acquisition, aimed at expanding Woodfield’s presence in India, aligns with the country’s growing energy demands and ambitious infrastructure plans. In a strategic manoeuvre, Woodfield International plans to invest over US$100 million in future acquisitions across North America and Europe, bolstering its engineering and manufacturing capabilities.
Kartik Gala, CEO and board member of Woodfield International, highlighted the strategic importance of the acquisition, stating that it positions Woodfield to manufacture marine loading arms for the transfer of bulk fluids and gases, including cryogenic products such as LNG and liquid hydrogen. Gala emphasised the significance of India’s burgeoning energy sector, citing Prime Minister Narendra Modi’s projection of a doubling in energy demand by 2045 and the nation’s extensive infrastructure development initiatives.
Gala expressed confidence in Woodfield’s ability to leverage the combined engineering and manufacturing expertise of Woodfield UK to drive groundbreaking innovations in the industry. He outlined the operational structure post-acquisition, revealing that while product engineering and management would remain in the UK, manufacturing would shift to India, making Woodfield the sole Indian company to manufacture marine loading arms domestically.
Anticipating a remarkable 40 percent year-on-year growth trajectory following the acquisition, Woodfield International is poised for substantial expansion in the global market. Looking ahead, the company envisions a series of strategic investments, with plans to replicate the success of the Woodfield UK acquisition through similar ventures in North America and Europe.
In a bold statement of intent, Woodfield International announced its commitment to invest USD 100 million over the next decade, underscoring its ambition to solidify India’s position as a prominent global hub for manufacturing and engineering excellence. This ambitious investment strategy reflects Woodfield’s unwavering dedication to driving innovation, efficiency, and sustainability in the transfer of bulk fluids and gas worldwide.
For more information visit www.woodfieldsystems.com
