Saab Seaeye Acquires Hydro-Lek

SeaDiscovery.com
Tuesday, September 03, 2013
Charlotte Mott, managing director of Hydro-Lek, and Jon Robertson, managing director of Saab Seaeye

Saab Seaeye, a wholly owned subsidiary of defence and security company Saab, acquired Hydro-Lek Limited, a U.K. manipulator and tooling manufacturer for underwater vehicles. The acquisition strengthens Saab Seaeye’s product portfolio of remotely operated, autonomous and hybrid underwater vehicles with the ambition to further grow the company.

Formed 20 years ago, Hydro-Lek is a supplier of manipulators and tooling for the ROV industry and defense and research industries. The acquisition enables Saab Seaeye to leverage Hydro-Lek’s unique tooling capability to further increase its presence in the commercial ROV market as a complete underwater ROV supplier.

“We see a clear synergy between the two companies as manipulators and tools are key components in the design and function of underwater vehicles. Our ability to offer and support a complete ROV and tooling solution will bring significant benefits to the market“, says Jon Robertson, managing director, Saab Seaeye..

Hydro-Lek will be a fully owned subsidiary of Saab Seaeye Limited, which is part of the underwater systems operation within Saab’s business area Dynamics.

The acquisition is expected to have no material effect on Saab’s consolidated statements in 2013.

Hydro-Lek located in Finchampstead Berkshire, U.K. has a workforce of approximately 25 employees, service a global base of offshore industry customers in Europe, U.S. and Asia.

saabgroup.com
 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Dittmann Named Chairman of SEA Europe

Kjeld Dittmann, the Managing Director of Lyngsø Marine A/S, is the new Chairman of the European Ships and Maritime Equipment Association (SEA Europe).    He succeeds Govert Hamers,

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

Shipping Confidence at 7-year Low -Survey

Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years,

Technology

Coast Guard Monitoring Rocket Debris off US

The U.S. Coast Guard informs it is working with SpaceX and partner agencies to monitor the debris field of the exploded Falcon 9 rocket in the Atlantic Ocean more

Tero Marine Secures Boa Offshore Contract

Tero Marine informs it has secured a multimillion (NOK) contract for delivery of fleet management software to Norwegian shipping company Boa Offshore. The Bergen-based

Propulsion Under Wireless Remote Control

Thrustmaster of Texas, Inc. has been supplying wireless remote controls for thrusters since the 1980s, offering products that are supported through their lifecycles

News

Monopiles Terminal to Be Built in Rotterdam

Sif and Verbrugge to build terminal for offshore wind energy on Maasvlakte 2   Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed

Motion Compensation Solution for Solan Field

Ampelmann provides access solution for commissioning of the Solan project in West of Shetland   Motion compensated access solutions developer Ampelmann informs

Dittmann Named Chairman of SEA Europe

Kjeld Dittmann, the Managing Director of Lyngsø Marine A/S, is the new Chairman of the European Ships and Maritime Equipment Association (SEA Europe).    He succeeds Govert Hamers,

Mergers & Acquisitions

SeaZip Offshore Service Commences Operation

Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting,

ShipServ opens Singapore office

ShipServ, the leading marine and offshore marketplace with an expected annual trade of $3bn in 2015, has cemented its position in Asia with the opening of a new office in Singapore.

DPE is New Majority Shareholder in INTERSCHALT

Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider

Underwater Engineering

Technip Wins Jurong's FPSO Conversion Contract

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating,

Boskalis Wins Portsmouth Channel Expansion Order

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract from the Defence Infrastructure Organisation of the Ministry of Defence for the capital

Samsung Bags Order for Decks on Johan Sverdrup

Statoil, on behalf of the Johan Sverdrup license, has awarded Samsung the contract for decks for both the process and riser platforms.  The total contract value is NOK 7 billion.

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2182 sec (5 req/sec)