M&A Deal Summary

ROVOP Acquires M2 Subsea - 28 ROVs

On October 19, 2018, ROVOP acquired energy services and equipment company M2 Subsea - 28 ROVs from M2 Subsea

Acquisition Highlights
  • This is ROVOP’s 1st transaction in the Energy Services and Equipment sector.
  • This is ROVOP’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-10-19
Target M2 Subsea - 28 ROVs
Sector Energy Services and Equipment
Buyer(s) ROVOP
Sellers(s) M2 Subsea
Deal Type Divestiture

Target

M2 Subsea - 28 ROVs

Westhill, United Kingdom
M2 Subsea Ltd. - 28 ROVs is a remotely operated vehicles provides energy services in Westhill, United Kingdom.

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Buyer(S) 1

Buyer

ROVOP

Aberdeen, United Kingdom

Category Company
Founded 2011
Sector Energy Services and Equipment
Employees28
DESCRIPTION

ROVOP specializes in all aspects of ROV (Remotely Operated Vehicle) operations, servicing the offshore oil & gas and renewable sectors. ROVs are unmanned underwater vehicles used to complete tasks in subsea environments. Applications include wind farm cable-lay & ongoing inspection; construction; survey; and the inspection, repair, and maintenance of pipelines and subsea infrastructure. ROVOP was founded in 2011 and is based in Aberdeen, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

M2 Subsea

Westhill, United Kingdom

Category Company
Sector Business Services
DESCRIPTION

M2 Subsea Ltd. is an independent provider of ROV and vessel services, project management, consulting & engineering services. M2 Subsea is based in Westhill, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 1