HOUSTON – Oceaneering International Services Ltd. has acquired a minority equity interest in Viper Subsea Technology.
Neil Douglas, managing director of Viper Subsea Technology, said “This is an ideal opportunity to accelerate the growth and the global reach of Viper Subsea’s innovative products and services. Oceaneering is a widely respected company with a great reputation whose products and offerings complement our own and this is clearly an important strategic step for us.
“Our technology and capability will also provide significant pull-through for Oceaneering. There will be no change in the day to day management team or management structure of Viper Subsea.”