M&A Deal Summary

Oceaneering Acquires Ecosse Subsea

On March 5, 2018, Oceaneering acquired energy services and equipment company Ecosse Subsea for 50M GBP

Acquisition Highlights
  • This is Oceaneering’s 8th transaction in the Energy Services and Equipment sector.
  • This is Oceaneering’s 4th largest (disclosed) transaction.
  • This is Oceaneering’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-03-05
Target Ecosse Subsea
Sector Energy Services and Equipment
Buyer(s) Oceaneering
Deal Type Add-on Acquisition
Deal Value 50M GBP

Target

Ecosse Subsea

Banchory, United Kingdom
Ecosse Subsea Ltd. is a provider of offshore engineering, seabed preparation, route clearance and trenching services to the renewable energy and oil and gas industries. Ecosse Subsea is based in Banchory, United Kingdom.

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Buyer(S) 1

Buyer

Oceaneering

Houston, Texas, United States

Category Company
Founded 1964
Sector Energy Services and Equipment
Employees10,100
Revenue 2.7B USD (2024)
DESCRIPTION
Oceaneering International's corporate headquarters in Houston, Texas.
Oceaneering International's corporate headquarters in Houston, Texas.

Oceaneering provides engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, the company also serves the defense, entertainment, and aerospace industries. Oceaneering International was formed in 1964 and is based in Houston, Texas.


DEAL STATS #
Overall 17 of 17
Sector: Energy Services and Equipment M&A 8 of 8
Type: Add-on Acquisition M&A Deals 11 of 11
Country: United Kingdom M&A 4 of 4
Year: 2018 M&A 1 of 1
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Meridian Ocean Services

Portsmouth, Rhode Island, United States

Meridian Ocean Services LLC is a provider of marine services business with primary focus on ROV-based subsea survey and inspection. Meridian leverages ROV, AUV and advanced imaging technology and works with clients across a variety of industries to optimize undersea survey and inspection efforts.

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