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    Oceaneering to acquire Mechanica

    Company News // January 25, 2012

    Oceaneering International recently announced that one of its wholly-owned subsidiaries, Oceaneering AS, has entered into a definitive agreement to acquire Mechanica AS. The transaction is subject to approval by the Norwegian Competition Authority.

    Mechanica, headquartered in Stavanger, Norway, is a design and fabrication company specializing in remotely operated subsea tools for the offshore oil and gas industry. For 2010, Mechanica's revenue was approximately US$12 million.

     

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