BMT buys NavCon (Brazil)
- Business & Finance
BMT Group Ltd, a maritime design, engineering and risk management consultancy, has agreed to purchase Navegação e Controle Indústria e Comércio Ltda (NavCon), a Brazilian specialist in monitoring systems for the offshore oil and gas industry.
The company’s name has officially changed to BMT NavCon Ltda.
BMT Scientific Marine Services Ltda was previously a minority stakeholder in NavCon. This new agreement fully integrates NavCon into the BMT group of companies.
NavCon was founded in 1998 and is located in the technological site of São José dos Campos, São Paulo, Brazil. The company specializes in data acquisition and motion monitoring systems, navigation and heading reference systems, and GNSS receivers for offshore, air, land and space applications.
Tom Johnson, President of BMT Scientific Marine Services, commented: “I am delighted that NavCon has now been fully incorporated into the BMT family of companies as BMT NavCon. We have been working with them for the last couple of years. We have seen them continue to grow and utilize their knowledge and capabilities in the Brazil oil and gas market. We look forward to future opportunities to collaborate.”
Francisco Nozolino de Azevedo, General Manager of NavCon, added: “NavCon welcomes this agreement with BMT Group. BMT has proven with their worldwide presence and the multiple industries they support that they are a unique and diverse company. Their support will help us continue to expand and further develop our product and service offerings not only for our local customers, but also for the international oil and gas market.”