Company: SRN Group, Subsea Global Solutions
Business Type: Marine Services
UK & International Business Sales and M&A News
Subsea Global Solutions, a US Commercial diving company, has acquired SRN Group Diving & ROV Underwater Services (Belgium), a leading underwater services and Remotely Operated Vehicle (ROV) hull cleaning firm.
Subsea Global Solutions (SGS) provides scheduled or unscheduled underwater maintenance and repair services, using over 165 commercial diver technicians.
With 14 offices spread over 7 countries, including Australia, Singapore and the USA, this acquisition sees the business expanding its global footprint to Europe.
Paul Peters, CEO of SGS, commented:
“This is a much awaited, critical milestone for SGS. We are absolutely delighted to expand our global footprint to North Europe, a strategic commercial and cruise shipping hub where most of our ship owner clients visit regularly.
“In addition to adding a key location to our network, we are excited to add a new ROV technology to our existing suite of environmentally friendly propeller and hull maintenance services.
“This acquisition will allow SGS to immediately deliver the much sought-after environmentally friendly, ROV based hull cleaning services in the highly regulated ports like Rotterdam and Amsterdam, as well as Portland, UK. We welcome our new colleagues onboard and look forward to working together.”
Paul Peters – CEO of SGS
The SRN Group, based in Belgium, specialises in automated underwater hull cleaning, using unmanned robots (ROVs). The business also offers underwater inspections and propellor polishing, by its team of professional divers.
Manuella Maes and Pierre Klein, co-founders of SRN Group, believe this acquisition will help to scale their services.
They commented:
“We are proud of what we have built with SRN in North Europe and West Africa, having delivered a consistent and reliable service to our clients since our inception.
“Our hull cleaning ROV (CROV) technology has earned a well-deserved reputation in our key regions, and we look forward to seeing this technology being applied globally.
“It was time to join forces with a larger and more diverse underwater service provider like SGS in order to add further scale and depth to our operations and continue to innovate at a faster pace.”
Manuella Maes and Pierre Klein – Co-founders of SRN Group
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