One of Ash-Bert’s
primary business objectives is to achieve growth through
joint participation, with well-established companies, in
projects and activities in those sectors of the Nigerian
Economy that it is familiar with.
Whether Ash-Bert plays a passive or active role in any
joint venture, it will always advise on strategies that
will aid in achieving returns consistent with the investment
expectations of its partners.
If a company decides to enter into a joint venture, Ash-Bert
would take on full responsibility for establishing the company
as quickly and a efficiently as possible. Once established,
it would demonstrate its commitment to joint venture by
taking up an equity position. Ash-Bert would therefore commit
both its manpower and financial resources to ensure that
the company realizes its potentials.
Ash-Bert believes firmly in joint venture partnerships,
and in 1993 and 1994 invested over N78, 000,000.00 in joint
venture projects. Ash-Bert is totally convinced of the efficacy
of joint ventures to exploit the many opportunities which
continue to arise, and will continue to commit its resources
to their growth.
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Veritas DGC
One particular successful joint venture has been with
Veritas DGC of Houston, Texas (Digicon). Digicon is
a publicly quoted company in the United States of America,
and has maintained a top position as one of the world’s
leading companies in Seismic Data Acquisition and Processing. |
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OHM
OHM Ltd (Offshore Hydrocarbon Mapping) is a UK-based
company formed in 2002 specifically to provide active
source electromagnetic (EM) services to the offshore
oil industry.
The company has strong venture capital backing which
has enabled it to invest heavily in the R&D required
to further consolidate its position as world leader
in the use of active source EM sounding with a number
of highly successful surveys undertaken.
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