Its core business is in the design and construction of a wide range of equipment and components for use in the offshore environment.
SGX Mainboard listed Baker Technology Limited (Baker Tech), together with its subsidiaries, (the Group) is a leading manufacturer and provider of specialised marine offshore equipment and services, focused on the offshore oil and gas industry.
The Group’s core business in in the design, construction, operation and chartering of mobile offshore units and offshore supply vessels, along with the design and construction of a wide range of critical equipment and components for the offshore marine industry. These include offshore pedestal cranes, anchor winches, skidding systems, jacking systems and raw water tower structures. It also provides services such as project management, engineering services, quality assurance and construction supervision.
Baker Tech divested its stake in Oslo-listed Discovery Offshore S.A. on 24th June 2013 when Hercules Discovery Ltd. triggered an obligation to make a mandatory offer to purchase all outstanding shares of Discovery Offshore S.A.
More recently, Baker Tech’s wholly-owned subsidiary BT Investment acquired a 54.98% stake in CH Offshore Ltd on September 2018.
Baker Tech has market presence in China, the Middle East, Asia and USA.