International Analytics Technology Company, Oniqua, Joins ASCO Group
The ASCO Group, an international oil and gas services company, announced that it has become the majority shareholder in Oniqua MRO analytics – a global analytics-based technology solutions company.
Headquartered in Brisbane, Australia with offices in North America, South America and South Africa, Oniqua (pronounced o-nee-kwa) provides unique asset performance management (APM) solutions that improve the operational efficiencies and business performance of asset-intensive organisations, such as oil and gas, mining, utilities, process manufacturing and transportation. It employs approximately 50 people worldwide.
ASCO representatives will join the Oniqua board alongside its founders, Andy Hill (CEO) and Chris Wright (President, Asia Pacific). Andy and Chris remain in their current senior managerial positions as well as active co-shareholders in Oniqua. The value of this acquisition has not been disclosed.
The investment in Oniqua comes during a strategic growth phase for the ASCO Group. Other recent investments have included acquiring majority stake holdings in three specialist oilfield services business in Alberta, Canada as well as the international safety training and lifting specialists, NSL. ASCO’s worldwide staff numbers have increased from 1,600 to over 2,000 in this time.
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