Oceaneering completes latest acquisition

Offshore staff

HOUSTONOceaneering International Inc. recently completed its acquisition of Meridian Ocean Services.

Meridian is an international business that uses remotely operated vehicles (ROV) to perform surveys on mobile offshore drilling units and floating production systems that satisfy the underwater inspection in lieu of drydocking (UWILD) requirements of all major classification societies. It operates a fleet that ranges from inspection- to work-class ROV systems to perform different subsea tasks.

Rod Larson, president of Oceaneering, stated: “We are pleased to have closed this transaction with Meridian which will add talent and expertise allowing us to further penetrate the UWILD market which is a very logical adjacency. The addition of Meridian is complementary to our ROV, diving, asset integrity, and tooling services businesses and will provide a comprehensive solution for our customers.”

07/26/2016

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