What are the growth plans for Ambrey Risk?
We are in the global anti-piracy business, but focus mostly in the Horn of Africa/Somalia. You might have seen in the news, piracy incidents have dropped significantly in the past few years, in part due to companies such as ours protecting ships better.
There’s been a big price war going on in our sector and our current reaction to that is to scale up the business as fast as we can – because we’ve effectively had a lot of price pressure in that price war and we need to be bigger to make sure the business remains on a firm financial footing.
We have tried to be forward thinking in the sector, with two acquisitions of competitors over the past few months, a third one possibly pending and obviously our own heavily focused organic growth strategy.