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    N-Sea signs Letter of Intent to acquire Subcom

    Company News // November 8, 2011

    N-Sea Group BV and Subcom BV in The Netherlands have signed a Letter of Intent in relation to the acquisition of Subcom BV by the N-Sea Group.

    As of January 2012 Subcom will be integrated into the organization of N-Shore
    Diving BV. The founder and CEO of Subcom BV – Rodger Weitzel – will become the
    general manager of N-Shore Diving BV on January 1 when Subcom BV will no longer
    operate under the Subcom BV name.

    N-Sea Group's Managing Director, Gerard Keser, said: "N-Shore Diving BV already has a strong market position in the southwest Netherlands, yet, by strengthening our base, we will be able to respond stronger to the market and take the next step.

    "Subcom BV is a company that has proven itself in the market in which we operate and will become of great value to our organization. "

    Rodger Weitzel CEO of Subcom BV said: "By joining forces with N-Shore Diving I am assured of a stable base for my customers and employees and we see the future with great confidence."

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