Olympus Marine Services Receives Significant Investment

Olympus Marine Services, which provides staffing solutions to the oil and gas sector and marine industries, has received a significant inward investment from two UK businessmen.

Kevin Smith and Stewart MacRae will join the Dubai headquartered crew management company which presently employs over 20 office staff and 200 offshore personnel across bases in the Middle East, India and Southeast Asia supplying drilling, marine and catering personnel.

The entrepreneurs have a record of running and backing successful companies, including oil and gas recruitment specialists Atlantic Resourcing and Offshore Marine Services.

They will work with Olympus Marine Services founder V.S Devagiri, who will remain as a shareholder, to expand and develop the company, bringing in highly skilled experts to enhance the existing workforce.

V.S Devagiri who has more than 35 years industry experience, specifically 20 years in crew management, said “Our goal is to become the leading crew management company for the oil and gas industry worldwide.”

“Alongside Kevin and Stewart, with their extensive international experience, expertise and industry knowledge, we look forward to building a successful manpower management company servicing offshore and onshore activities in the oil and gas sector.”

Kevin added, “At a time when the size of a company’s workforce needs to be flexible to reflect changing requirements, having a trusted pool of multi-national skilled personnel available is something that will be of major interest to the oil and gas industry. OLYMPUS Marine Services is a company with a lot of potential and Stewart and I believe we can expand on its recent successes.”

Stewart added, “At a time when many companies working in oil and gas are finding business more challenging than ever, there’s an opportunity to provide solutions suitable to the new trading environment. To us, Olympus Marine Services is a natural investment and we believe it will be a real asset to many in the energy industry.”

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