The acquisition is part of GE’s strategy to address issues affecting the growing number of mature subsea fields, and to strengthen its position as a provider of subsea production equipment and solutions for full life-of-field management.
Advantec, formed in 2005, will operate under the existing name and management team as part of GE’s Subsea Services & Offshore division, continuing to supply products and services directly to existing and new clients.
GE itself is one of Advantec’s largest customers, using the latter’s capabilities in electro-hydraulic subsea controls equipment, system integration and engineering/fabrication to support GE’s installed base of subsea equipment.
Advantec supplies and rents Installation WorkOver Control Systems for subsea intervention tasks.
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