Neptune Marine Services acquires STS

Neptune Marine Services has acquired Submersible Technology Services (Holdings) Ltd. (STS) for $27 million.

Offshore staff

PERTH, Australia -- Neptune Marine Services has acquired Submersible Technology Services (Holdings) Ltd. (STS) for $27 million. Aberdeen-based STS provides ROV and survey support services to the offshore oil and gas industry.

“STS will immediately accelerate Neptune’s scale and geographic spread in the ROV market, enabling us to provide operators in the international oil and gas industry with a full range of support services across the areas of exploration drilling, pipeline and cable survey and inspection, subsea construction, and platform inspection and maintenance,” says Christian Lange, MD and CEO of Neptune.

11/23/2009

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