New Wave Media

January 6, 2014

N-Sea Acquires Stork's Subsea Business

The acquisition of the subsea business of Stork Technical Services in Aberdeen is a next step in the realization of the growth strategy pursued by both companies and reaffirms the commitment of N-Sea to its strategy of becoming a leading Survey and IMR company, N-Sea said.



The combined businesses will have a position in North Europe delivering IMR and Survey solutions to operators with subsea infrastructures in the oil and gas as well as  renewable industries. Post acquisition the enterprise will employ more than 120 onshore staff, and on average 150 offshore staff, have 10 diving systems, nine ROVs, three offshore diving and ROV support vessels and three daughter craft diving RHIBs and  three support RHIBs as well as extensive data management and subsea engineering capabilities.



Customers will benefit from the group’s combined service offering from the two principal offices in Aberdeen (U.K.) and Zierikzee (Netherlands). The group will have a combined turnover in excess of €75 million and with all vessels under contract in the winter period, the group is poised for a good 2014 performance.



Roddy James, Senior Vice-President of Stork Technical Services – Subsea, will join the Board of Directors of the N-Sea Group in the role of COO.
 

Stork Technical ServicesNorth Europeoil and gas