• Industries
  • Integrated Solutions
  • Products and Services
  • Careers
  • OII 14.77 +0.01 +0.07% Volume: 911,235 September 13, 2019

    Financial Press Releases

  • Industries
  • What's Next
    Discover How We Are
    Connecting What’s Needed with What’s Next™
    Find Out What's Next
  • Products & Services
  • Investor Relations
  • View all news

    Oceaneering to Acquire Mechanica AS

    December 07, 2011

    December 6, 2011 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that one of its wholly owned subsidiaries, Oceaneering AS, has entered into a definitive agreement to acquire Mechanica AS. The transaction is subject to approval by the Norwegian Competition Authority.

    Mechanica, headquartered in Stavanger, Norway, is a design and fabrication company specializing in remotely operated subsea tools for the offshore oil and gas industry. For 2010, Mechanica’s revenue was approximately $12 million.

    Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense and aerospace industries.

    For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713-329-4670; E-Mail investorrelations@oceaneering.com.

    PR 1100

    Categories: Press Releases
    View all news