Umbilical Handling Equipment News

Forum Energy Technologies, Inc. (NYSE: FET) acquired Dynacon, Inc. Dynacon is a provider of launch and recovery systems (LARS) used for deployment of remotely operated vehicles (ROVs) and also manufactures high quality, specialized cable and umbilical handling equipment for all segments of the marine industry. Dynacon’s Bryan, TX location employs more than 100 people and consists of 82,000 sq. ft. of manufacturing and office space and 40,000 sq. ft. of specialized test area located on 16 acres. Cris Gaut, Forum’s Chairman and CEO, said, “Dynacon expands our Subsea Technologies capability and integrates an important part of the ROV supply chain.

FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts in excess of $13.5 million with customers in Freeport, Texas and Abu Dhabi, U.A.E. "AmClyde is very pleased to receive these key orders from our long-standing customer NPCC (National Petroleum Construction Company) of Abu Dhabi in the United Arab Emirates and our new customer Cabett Subsea Products, Inc. of Houston, Texas," said Dick Juelich, AmClyde President. AmClyde has a contract with NPCC to provide a significant operating increase of the lifting capacity and reach for their 2000-ton model 76 marine crane, originally built in 1973.