Oceaneering completes acquisition of Blue Ocean Technologies

Industry: ,    2016-10-19

Oceaneering International Inc :

* Oceaneering completes acquisition of Blue Ocean Technologies, expanding subsea services into riserless light well intervention

* Oceaneering International Inc says deal for approximately $30 million in cash

* Oceaneering International Inc – expects to invest approximately $10 million in completing construction of two RLWI systems

* Oceaneering International -deal includes 3 RLWI systems, two of which are currently under construction, and are expected to be fully functional by mid-2017 Source text for Eikon: Further company coverage:

 

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