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    Technip closes sale of diving assets

    Company News // December 16, 2014
    Effective Friday, December 5 2014 Technip completed the previously announced sale of its diving assets in the US†to Ranger Offshore.

    Technip said the†sale 2reinforces its†strategy to focus on its core North America subsea business lines of high technology and ultra-deep water products and services, which, together with its approach of early involvement enables Technip to provide clients with optimized cost and schedule driven solutions."

    Proceeds from the divestment will be partially reinvested directly into the North America subsea business segment, specifically focusing on enhancements to its spoolbase located in Mobile, Alabama,†and optimization of certain construction and pipelay vessels.

    As part of this transaction, Technip USA and Ranger Offshore have entered into a multiyear diving services agreement covering Technipís North America region.

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