M&A Deal Summary

Subsea Acquires SRN Group

On September 14, 2021, Subsea acquired business services company SRN Group

Acquisition Highlights
  • This is Subsea’s 2nd transaction in the Business Services sector.
  • This is Subsea’s 1st transaction in Belgium.

M&A Deal Summary

Date 2021-09-14
Target SRN Group
Sector Business Services
Buyer(s) Subsea
Deal Type Add-on Acquisition

Target

SRN Group

Stabroek, Belgium
SRN Group is an operator of underwater services and Remotely Operated Vehicle (ROV) hull cleaning firm. SRN Group is based in Stabroek, Belgium.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Subsea

Miami, Florida, United States

Category Company
Sector Marine
DESCRIPTION

Subsea is a provider of underwater vessel maintenance, inspection and repair services to vessel owners and operators within diversified marine transportation and construction sectors. Subsea services include hull and propeller fleet management, underwater wet welding, seal replacement, tunnel thruster repair, azimuth thruster repair, and environmental hull cleaning. The Company provides both routine hull maintenance services to drive fuel efficiencies and highly technical repair solutions allowing vessel operators to reduce dry-docking costs, while keeping the vessel in service. Subsea is headquartered in Miami, Florida.


DEAL STATS #
Overall 5 of 5
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Belgium M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Underwater Contractors Pte.

Singapore, Singapore

Underwater Contractors Pte. Ltd. is a provider of commercial diving and marine-related services primarily to the commercial shipping industry. Underwater Contractors Pte. Ltd. was founded in 1979 and is based in Singapore.

Buy -