Teledyne has aquired CARIS, a developer of geospatial software designed for the hydrographic and marine community. The companies did not disclose the terms of the transaction. The closing of the transaction, which is subject to customary conditions, is anticipated to occur in the second quarter of 2016. “By providing powerful data processing, mapping and geospatial imaging software,… Continue Reading »
EU competition regulators have resumed their scrutiny of U.S. oil industry services group Halliburton Co’s plan to acquire smaller rival Baker Hughes, a deal which U.S. authorities say is uncompetitive and wants to block. The European Commission, which halted its investigation into the $35 billion deal last month while waiting for more details from the… Continue Reading »
Halliburton and Baker Hughes Incorporated have said they intend to ‘vigorously contest the U.S. Department of Justice’s (DOJ) effort to block’ their pending merger. Namely, the DOJ filed a civil antitrust lawsuit on Wednesday to stop the merger between two of the world’s largest oilfield-services companies as it believes the deal would lead to higher prices and eliminate competition…. Continue Reading »
TransCanada Corp. agreed to buy Columbia Pipeline Group Inc. for $10.2 billion, expanding its reach in the U.S. natural gas market. TransCanada will pay $25.50 a share to Columbia holders, representing a 10.9 percent premium to Columbia’s closing price on March 16, and will also assume about $2.8 billion of debt, it said in a… Continue Reading »
Halliburton’s plan to acquire Baker Hughes and create the world’s biggest U.S. oilfield services provider faces more delay after European Union antitrust regulators halted their investigation into the $35 billion deal for the second time. The European Commission said the companies have yet to provide an important piece of information. “Once the missing information is… Continue Reading »
Van Oord has purchased a suite of Gemini 720is multibeam imaging sonars from Tritech International. The Gemini 720is sonars, combined with Gemini SeaTec software, will be used on Van Oord’s Stingray. The system will also be used for obstacle avoidance on rock dump vessels. Vanessa Venida, Chief Surveyor, said: “We tested the Gemini 720id to discover… Continue Reading »
Norway’s Coast Center Base (CCB), part of NorSea Group, is teaming up with a consultancy firm Logiteam AS, through an acquisition of 68% of its shares, as it looks to boost subsea services portfolio. According to CEO Kurt R. Andreassen, this partnership is planned to deliver cost savings for CCB’s customers and help the company expand its footprint in the subsea maintenance arena. “The subsea… Continue Reading »
Royal Boskalis Westminster N.V. (Boskalis) has signed a Letter of Intent (LoI) to acquire offshore activities from VolkerWessels. Under the intended transaction, Boskalis will acquire maritime and offshore wind energy related activities of VolkerWessels, being VBMS, Stemat and VSI (Volker Stevin International). Peter Berdowski, CEO Boskalis: “For many years we have been working closely and… Continue Reading »
Subsea Global Solutions (SGS), the underwater repair, maintenance and marine solutions provider, has acquired the assets and personnel of Sea Sub Systems, an underwater vessel repair services company based in Tampa, Fla. The Tampa office, including all staff and equipment, will be rebranded Subsea Global Solutions and will provide the company with an expanded presence… Continue Reading »
General Dynamics Mission Systems has acquired Bluefin Robotics, a manufacturer of unmanned undersea vehicles (UUVs). “Bluefin’s advanced underwater technologies and products are perfectly aligned with our expertise in undersea system integration,” said Chris Marzilli, president of General Dynamics Mission Systems. “We have long specialized in many of the technologies that are making UUVs increasingly effective,… Continue Reading »
