Business Type: Green energy solutions, Offshore equipment
UK & International Business Sales and M&A News
ROVOP, a global supplier of remotely operated vehicles (ROV) services to the energy sector, has been acquired by Chouest. With the acquisition, Chouest, alongside its subsea service company, C-Innovation, will now control a fleet of over 100 ROVs and 6 autonomous underwater vehicles (AUVs).
ROVOP, based in Aberdeen, Scotland, is the world’s largest independent ROV provider, following a $100m fleet investment programme, delivering high performing assets and personnel to deliver subsea operations to the oil and gas, offshore wind, and utilities industries. The company has maintained a focus on developing its onshore and offshore teams with highly specialised expertise which has contributed to considerable growth in recent years.
The deal will bring greater resources and subsea expertise to the remotely operated vehicles business. ROVOP will now benefit from the support and capabilities of other Chouest companies worldwide, including its vessel-based operations, Caltex Oil Tools, Bram Offshore, and C-Innovation, allowing it to offer a greater range of services and drive new global growth opportunities. ROVOP was previously backed by specialist energy private equity firm Bluewater before the Chouest acquisition.
Neil Potter, CEO of ROVOP, said:
“This is a remarkable opportunity for growth, innovation and delivery of even greater value to our clients, bringing a significantly increased fleet of ROVs and an expanded knowledge that our customers will be able to tap into.
“Our specialist teams have helped drive our recent growth and we now look forward to integrating with the Chouest family and leveraging their global resources to enhance our capabilities and expand our reach.
“I would like to thank Bluewater for its support over the past seven years, and we’re now looking forward to this next chapter in the ROVOP story.”
Neil Potter – CEO of ROVOP
Founded as Edison Chouest Boat Rental in Galliano, Louisiana, in 1960, the Edison Chouest Offshore companies (ECO) are recognized today as the most diverse and dynamic marine transportation solution providers in the world. ECO operates a growing fleet of well over 200 vessels, ranging from 87 to over 525 feet in length, serving an expanding global customer base.
The acquisition marks a significant step in Chouest’s expansion and demonstrates its commitment to enhancing its technological capabilities and service offerings across the world. Chouest is eager to embark on this journey with ROVOP, reinforcing its position as a leader in the subsea services industry.
Dino Chouest, Owner- Executive at Edison Chouest Offshore, commented:
“ROVOP has established a reputation for excellence in the ROV industry. This acquisition is a key part of our strategy to enhance our integrated subsea services. We are excited to welcome ROVOP’s talented team into our family. Their expertise and capabilities are crucial as we expand our portfolio and continue to offer industry-leading solutions to our clients.”
Dino Chouest – Owner- Executive at Edison Chouest Offshore
The integration of ROVOP into Chouest’s operations will begin immediately, with full integration expected to enhance service delivery and operational efficiency across all organisations in the group.
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