Energy services company Proserv has acquired Aberdeen-based subsea digital accoustic specialist Nautronix for an undisclosed sum.
Employing 120 people, Nautronix is internationally recognised for its through-water digital acoustic wireless communications and positioning systems.
Nautronix chief operating officer Mark Patterson will join Proserv.
David Lamont, Proserv’s chief executive officer, said: “We have been working together on bringing the two companies together for over a year, and while times in our industry are challenging, the rationale and benefits to all stakeholders including employees, shareholders and our clients remain as strong, if not stronger than ever.
“Mark will lead the Nautronix team through the transition and integration process as well as assuming his senior global position as head of strategy and new ventures for the Proserv Group.
“Individually, the two companies have been doing well in these more demanding times; together, however, we are much stronger, bringing a combined technology platform that is both unique and of great potential to deliver truly game-changing solutions to our customers to meet the challenges and more importantly deliver the opportunities facing the industry today and in the future.”
Mark Patterson said: “It was important for us to find the right company to partner with and we are delighted that it’s Proserv.
“Strategically, this is a fantastic opportunity for Nautronix as we can leverage from the increased exposure globally.
“That, combined with our considerable experience in the drilling, subsea and survey market, presents us with considerable opportunities going forward.
“We relish joining David and the Proserv team in building what we feel will be a compelling service offering, particularly with the significant cost savings and life-of-field benefits our products and services can bring within an increasingly challenging market.”
Proserv, which is headquartered in Aberdeen, works in the subsea, drilling and production sectors and employs 1,800 people in five regions.
More to follow.