SMIT Acquires GB Diving

Monday, September 17, 2007
SMIT acquired all shares of GB Holding B.V., the parent company of the subsidiaries GB Diving B.V. (oil & gas) and GB Diving -Inshore B.V. (civil). GB Diving is a Dutch company that provides ROV (Remote Operated Vehicles) and diving services, including project management, project engineering and related services for the high end of the oil and gas market. GB Diving's 30 employees will be integrated into the SMIT organization as a business unit named SMIT Subsea Europe. This new business unit will join SMIT Subsea Africa and SMIT Subsea Middle East, thus becoming the third regional subsea centre in the subsea network. For SMIT, this acquisition represents not only the addition of ROV technology and expertise to its range of services, but also a geographical expansion of its subsea activities, helping it to better serve its customers worldwide.

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