Oceaneering International, Inc. (Oceaneering) (OII) has confirmed the aquisition of Ecosse Subsea Limited (Ecosse)for approximately GBP 50M.
Headquartered in Aberdeen, Scotland, Ecosse builds and operates seabed preparation, route clearance and trenching tools for submarine cables and pipelines on an integrated basis that includes vessels, ROVs and survey services. Enabling technologies acquired in the transaction include Ecosse’s modular SCAR Seabed System, capable of completing the entire trenching work scope (route preparation, boulder clearance, trenching and backfill), and its newly developed SCARJet trenching system. The SCARJet is a trenching system designed for use with standard work class ROVs and adds jetting and post-lay trenching capabilities to the existing pre-cut methods offered by the SCAR plowing tools.
