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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

"K" Line Review of Medium-Term Management Plan

Kawasaki Kisen Kaisha, Ltd. (“K” Line) reviewed “K” Line Group’s medium-term management Plan, which was formulated in March 2015 as the business strategy toward our 100th anniversary in 2019,

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Technology

Voice-data Communications and HDTV in One System

PDQ’s OneSource System provides long range cell, wi-fi and high definition TV in one system for mobile users.   San Diego wireless company PDQ Connect has developed

Cavotec, ABB Partner on Shore-to-ship Power

Cavotec and ABB have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug

Ulstein Verft's First Wind Service Vessel Launched

Shipbuilder Ulstein Verft has launched its first vessel within the renewable energy segment, and also the first with the newly-developed X-STERN hull line design.

News

Ageing Seaborne Steel Products

In 2015, seaborne steel products trade accounted for around a fifth of minor bulk trade, having grown on average by 6% per annum since 2010, according to Clarksons Research.

Singapore Revokes Two Bunker Licenses

Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port.    The two companies have,

CKYHE Alliance to Reorganize US East Coast Service

CKYHE Alliance, COSCON, “K”Line, Yang Ming, Hanjin and Evergreen Line, is reorganizing their service network for Asia-US East Coast trade in 2016.   CKYHE Alliance

Mergers & Acquisitions

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

ST Engineering Injects $66m into VT Systems

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc.

Alliance Merry-go-round Spins Again

Four carriers have announced a new OCEAN Alliance to start next year. Where does this leave those carriers left behind?   To the surprise of many it was announced

Unmanned Vehicles

Unmanned Aircraft Features Maritime Radar

An updated version of the shipborne UAS AR3 NET RAY is touted as the first in class providing maritime radar capability   The UAS producer TEKEVER is launching at Xponential-AUVSI,

Another Mission Needed to Recover El Faro’s VDR

The investigative team who located the El Faro’s voyage data recorder (VDR) has determined that another mission will be necessary in order to retrieve the device,

El Faro’s Voyage Data Recorder Located

The voyage data recorder (VDR) belonging to sunken cargo ship El Faro was found early Tuesday morning in 15,000 feet of water, about 41 miles northeast of Acklins and Crooked Islands,

Underwater Engineering

AccessESP Installs First Access375 Systems

AccessESP, a leading provider of rigless electric submersible pump (ESP) conveyance solutions for the worldwide oil industry, has successfully installed two of

ST Engineering Injects $66m into VT Systems

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc.

Dassault Systèmes Congratulates Oz Naval Deal

Dassault Systèmes Congratulated DCNS and Australian Government on the historic naval Defense Collaboration                      France-based DCNS has been selected

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction 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: 0.1111 sec (9 req/sec)