Motive responds to Americas market demand with $10M revenue growth goal
08 AUGUST 2024
The company announces new hire and revenue targets as it doubles down on transatlantic growth.
Motive has appointed Jonathan Watt as Americas Regional Manager in response to rising market demand. As part of its global growth strategy, the company expects the Americas region to turnover $10M in the next 3 years.
Pictured: Jonathan Watt, Americas Regional Manager @ Motive Offshore Group
The ramp up of energy in the Americas has driven a significant uptake of Motive’s engineering, certification, inspection and rental services, with oil production expected to rise in the US to 13.65M bpd in 2025 and 60% of renewable power generation expected by 2030. In response to this demand Motive has expanded its Americas foothold with Jonathan Watt, at the helm.
Watt, who brings more than 17 years of offshore energy experience to the role, will be based in Houston and is responsible for leading the Americas market and driving business growth. He will play a major role in providing local client support, building Motive’s rental business, and doubling its local expert team by 2025. His combination of leadership, sector expertise, and commercial acumen makes him an ideal fit for the position, backed by his recent senior roles at Acteon Group, where he undertook positions as Commercial Director, rising up to Managing Director.
Dave Acton, CEO @ Motive Offshore Group, comments:
The Americas are pivotal to our clients’ operations and an integral hub for our global growth strategy. To show our commitment to this expanding market, we are investing in advanced equipment and expanding our team in Houston. This strategic move ensures we provide the highest level of expertise and services locally. Jonathan brings exceptional leadership and a deep understanding of the regional markets, making him an invaluable addition to our team as we drive forward our ambitious growth objectives.
Jonathan Watt, Americas Regional Manager, added:
The opportunities here are truly abundant, from the acceleration of offshore wind to the increased production in the traditional and developing oil and gas markets. I am delighted to join Motive at this exciting juncture in its growth journey. As the market intensifies, we are poised to offer essential supply chain support, providing a comprehensive ecosystem of marine equipment and delivering an integrated end-to-end service, from equipment sourcing to operation. I am committed to building on the team's already impressive successes by expanding our workforce, growing our asset portfolio, and broadening our offerings to clients across the Americas.