Oil services firm Subsea 7 today said it had snapped up Scottish polymer lining technology firm Swagelining for an undisclosed fee.
The two firms have worked together before to design and install more than 150kilometers of reeled and bundled polyethylene (PE) lined water injection flowlines in the North Sea for a number of operators and developments.
Thomas Sunde, Subsea 7’s vice president for technology, said: “Building upon a long-term strategic objective to provide more cost-effective solutions, Subsea 7 and Swagelining have a shared vision of the potential that polymer lining could have in future subsea engineering and construction projects, with a focus on extending the application of polymer lined flowlines.
“The acquisition of Swagelining Limited will enable Subsea 7 enhance its flowline and riser technology portfolios, and supports Subsea 7’s commitment to develop and apply technologies that reduce cost, enhance production and extend field life.”
Clydebank-based Swagelining employs about 50 people.
Earlier this summer, Subsea 7, which has a base in Westhill, Aberdeenshire, revealed plans to reduce its UK headcount by 450.