Engineering and project delivery company GLO Marine is targeting revenues of more than €50 million by 2030 as it prepares to establish a permanent operation in the Middle East and bring its new €6 million Technology Centre in Romania (pictured) into commercial operation.
The two investments sit at the centre of a wider growth plan that will see the company expand from its established marine and offshore engineering base into larger integrated project scopes, technology integration and a broader international delivery network.
One of GLO Marine’s founders will lead the Middle East business and relocate to the region to establish the operation, with Dubai and Abu Dhabi forming the initial focus.
Romania will remain the company’s engineering and project delivery base, while the Middle East, West Africa and North Sea have been identified as the principal markets for international expansion.
George Gourlay, Interim CEO, GLO Marine, says: “We are making a deliberate move to the next scale of GLO Marine. The €50 million target is ambitious, but the important point is how we intend to get there: stronger engineering and project delivery capability in Romania, a permanent operation in the Middle East and the ability to take responsibility for larger and more integrated projects.”
The Middle East business will focus on specialised drydock works, vessel modifications, engineering and systems integration, alongside installation and commissioning support for equipment manufacturers.
The operation is being developed in partnership with a small number of selected companies with an established track record in the region. These partnerships will provide access to local facilities, skilled technicians and tradespeople, enabling GLO to deliver locally from day one, supported by its engineering and project management teams in Romania.
“We already have strong relationships with partners and vessel owners in the Middle East, and we see real potential to grow the business further in the region,” says Liviu Moise, Co-founder, GLO Marine.
The €6 million Technology Centre in Galați will add manufacturing, electrical assembly, systems integration and testing capability to GLO’s existing engineering organisation. The facility will support process skids, modular packages and pre-integrated technical systems for marine, offshore and energy projects.
Equipment and systems will be engineered, assembled and tested in Romania before mobilisation to vessels and project sites. This will allow technical interfaces to be resolved earlier and reduce the work required onboard, particularly during tight docking windows. For equipment manufacturers, the Centre will provide engineering and integration support extending through installation, commissioning and subsequent upgrades.
GLO also plans to use the Centre to support energy infrastructure development in Romania, including the integration of battery energy storage systems (BESS). Working with equipment manufacturers and project developers, the company will contribute structural, mechanical, electrical and controls expertise to the assembly and testing of modular energy packages.
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