Reef Subsea acquires Rotech SubseaCompany News // November 14, 2011
Reef Subsea has announced that it has acquired from Rotech Group 100 of its Rotech Subsea group of companies headquartered in Aberdeen, Scotland.
"With this friendly and strategic acquisition, Reef Subsea has created a world leader in seabed dredging and mass flow excavation services," claimed Reef Subsea.
The company has offices in the main subsea markets of the North Sea, the Americas and the Asia Pacific.
Rotech Group will concentrate its activities on engineering and fabrication of solutions for the oil and gas and renewable industries.
Reef Subsea will now be able to offer its clients in the oil and gas and renewable industries one of the world’s largest capabilities in seabed dredging and excavation services. This will range from the precise seabed operations of Scanmudring machines (mainly Scanmachine and Scancrawler) to the mass flow excavation capabilities of Rotech Subsea systems (mainly T8000 and T4000).
Both Scanmudring - based in Norway - and Rotech Subsea - headquartered in Scotland - enjoy leading market positions in their respective niches.