Submersible Technology Services sold to Neptune Marine for initial £16 million
November 20, 2009Independent merchant bank Quayle Munro Holdings PLC said one of its investee companies, Submersible Technology Services Limited (STS), has been acquired by Australian oil and gas service group Neptune Marine Services Ltd for £16 million with a further performance-linked paymenmt due in the future.
Perth headquartered Neptune Marine Services is one of Australia’s largest marine engineering services. The company supports a range of marine based projects primarily for the oil and gas and renewable energy industry. Its service divisions include subsea and pipeline engineering, commercial diving, specialist fabrication, inspection, repair & maintenance, ROV, and vessel supply services. Read the rest of this entry »










Global Industries has become the ninth International Contractor Member (ICO) of the International Marine Contractors Association (IMCA). Other ICOs – a membership category established in 1996 – are Acergy, Allseas, Heerema Marine Contractors, Helix Energy Solutions Group, J Ray McDermott, Saipem, Subsea 7 and Technip.






