Norway: Oceaneering to Acquire Mechanica

Oceaneering’s Norwegian subsidiary, Oceaneering AS, has entered into a definitive agreement to acquire Mechanica AS. The transaction is subject to approval by the Norwegian Competition Authority.

Mechanica, headquartered in Stavanger, Norway, is a design and fabrication company specializing in remotely operated subsea tools for the offshore oil and gas industry. Oceaneering said on its website that  Mechanica’s 2010 revenue was approximately $12 million.

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Offshore Energy Today Staff, December 7, 2011; Image: Mechanica