DG Risk Group acquires maritime security firm, provides new vessels for West Africa operations

DG Risk Group has acquired UK-based armed maritime security company Protection Vessels International (PVI), along with its trading division Halcyon Yacht Security.

DG Risk Group and PVI have both partnered with and supported various navies in the Gulf of Guinea in support of two major offshore projects including a high-profile cable laying project. This involved working closely with six different jurisdictions each providing independent military support to the project.

PVI has also recently expanded its Indian Ocean operations by adding PVI India and PVI Mozambique to its list of locally run subsidiaries.

The acquisition by DG Risk Group will further enable PVI to expand its maritime security services across the seas of West Africa. The company will retain the PVI brand name.

Halcyon Yacht Security is the superyacht security division of PVI. It will also become part of the DG Risk Group.

DG Risk Group has also been working closely with regional navies to develop strategies to tackle the rising incidents of maritime crime off the West African coast. In late 2020, the company supplied two fast patrol vessels to the region, and a further three will be delivered before the end of the first quarter of 2021.

The delivery of the vessels will be complemented by indigenous training and management to ensure that crew are confident and skilled to operate the vessels and that the patrol boats are properly-maintained for reliability and longevity.