MacArtney Underwater Technology Group has acquired the majority holding in Denmark based ASME.
ASME, with more than 125 employees, designs and manufactures systems for the marine offshore, ocean science and renewable energy markets.
The company has specialised in PLC and PC based active heave compensated solutions, launch and recovery systems, automated electric and hydraulic turntables and tensioners, electronic control systems and many more specialised systems.
ASME Hydra, a subsidiary company of ASME, designs and manufactures hydraulic cylinders for the offshore market as well as other segments.
The founder of ASME, Arne Schmidt will resign by the end of 2016, MacArtney noted.
“This strategic acquisition will enable MacArtney to expand its offerings in existing segments as well as new segments through its worldwide operations,” the company said in a press release.