Offshore wind services business Venterra has acquired Oceanscan group of companies that provide subsea and non-destructive test equipment, geotechnical services and specialist personnel to the offshore energy market.
The addition and integration of Oceanscan into the group is expected to place Venterra at the cutting edge of offshore subsea equipment and offshore sensing technology, the company founded in 2021 by Ayman Asfari, former chief executive of Petrofac, and partners said in a release.
Set up in 1989 by Ken Hunter, Oceanscan is headquartered in Aberdeen with overseas subsidiaries in Houston and Singapore. The company has four UK subsidiaries including Oceanscan, Hydrographic Personnel Resources, Geoforce Technical Services and Sercal Non-Destructive Test Equipment.
“Oceanscan’s extensive fleet of high-quality sensing equipment and in-depth geotechnical experience supports our aim of providing the most technologically advanced and complete set of development services and solutions to the offshore wind industry,” said Ed Daniels, CEO of Venterra.
The acquisition has been underpinned by Venterra’s fifth successful equity raise, including General Atlantic’s BeyondNetZero and First Reserve’s further equity investment of £30m, as well as through securing access to £110m of bank facilities from HSBC, NatWest, Rabobank and Citibank to facilitate future growth.
Source:https://splash247.com