Oceaneering set to acquire C & C Technologies

Oceaneering International Inc. (NYSE:OII) has entered into a definitive agreement to acquire C & C Technologies Inc., a privately held global provider of survey services, for $230 million in cash. 

Headquartered in Lafayette, Louisiana, C&C provides ocean-bottom mapping services in deepwater areas, utilizing customized autonomous underwater vehicles, and provides marine construction surveys for both surface and subsea assets, as well as satellite-based positioning services for drilling rigs and seismic and construction vessels. C&C also provides land and near-shore survey services along the US Gulf Coast and in Mexico, and performs shallow-water conventional geophysical surveys in the US Gulf of Mexico.

The transaction is anticipated to be completed in early April. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...