Douglas Westwood and Hannon Westwood Unite as Part of the ESIA Group of Companies
Energy Software Intelligence Analytics is pleased to announce the completion of the acquisition of Douglas Westwood Limited. The acquisition of Douglas Westwood represents ESIA’s next step in delivering a growth strategy for the company that includes a mix of new product development and acquisitions. ESIA’s strategic vision is to create best-in-class solutions for its customers and the addition of the consulting and analytical services from Douglas Westwood extends ESIA’s reach into the oilfield services market.
Formed in January 2015, ESIA is assembling a portfolio of businesses that deliver data, research, and insight for the global energy exploration and production markets and support services. ESIA has acquired three companies since formation with Douglas Westwood being the fourth. DWL is a market leading brand in bespoke and multi-client research, strategic and commercial reviews for the OFS market, servicing the largest financial, E&P and service company clients.
DWL was formed 25 years ago in 1990 by entrepreneur John Westwood. Since formation, DWL has developed a leading reputation for its advice to the energy sector, completing over 1,000 projects and advising on transactions worth over $30 billion. Operating from Houston, Singapore and the UK, the business has global coverage in the oilfield services sector, delivering valuable strategic and market insights for financial and industrial companies alike. DWL’s multi-client research publications also deliver to their customers, market insights in a timely manner.
Gavin Prise, Chairman of ESIA said: ‘The acquisition of Douglas Westwood is a significant step in the development of ESIA, effectively doubling the size of our business and bringing global coverage. Through Hannon Westwood, Novas and Richmond Energy Partners we have a deep and expanding expertise in the exploration & production space. Following this latest acquisition, we are now able to offer market intelligence solutions across the full supply chain and provide access to the exceptional team of internationally experienced individuals within Douglas Westwood. This is a truly exciting step for the group and our strategic vision to create best-in-class solutions for our customers.’
John Westwood, Chairman and Founder of Douglas Westwood commented ‘After 25 years of delivering unique research insights to our clients, we are delighted to take this next step in our evolution. We have long recognised the potential to combine niche intelligence providers while capitalising on the global infrastructure and brand that Douglas Westwood has created. In partnership with ESIA we can now start to realise this vision.
Andrew Reid, Managing Director of Douglas Westwood noted ‘This transaction offers unique opportunities for our staff and customers. With ESIA’s support we are looking forward to evolving our market intelligence solutions into dynamic business intelligence solutions while continuing to offer our core services in bespoke commercial and market insights.’
ESIA continues to seek businesses that offer unique business intelligence, analytical software solutions and technical insights into the energy industry. The business is looking to support and foster growth of partner companies and to become an internationally recognised market intelligence specialist.