Specialist Equipment Services News

UTEC Announces Acquisition of Geomarine Ltd

Leading independent offshore survey company UTEC has announced the acquisition of Geomarine Ltd. UTEC – which is based in Houston, Texas and has offices around the world including Aberdeen, Scotland – has acquired Geomarine Ltd which is headquartered in Newcastle-upon-Tyne with operational offices in Bath, England and Singapore. The move will capitalize on a natural and highly complementary fit between the two companies, providing a unique opportunity to enhance and increase the range of services offered. Commenting on the acquisition, UTEC CEO Martin O’Carroll said: “The addition of Geomarine to our team marks a significant step forward in the UTEC group’s overall growth ambitions.