PXGEO buys UK subsea services company

PXGEO buys UK subsea services company

Marine geophysical service provider PXGEO has acquired UK-based subsea services company Modus Subsea Services, boosting its autonomous subsea offering.

Illustration. Source: PXGEO

Modus Subsea Services provides offshore life-of-field support services specializing in autonomous subsea operations using underwater intervention drones (UID) based on the Saab Sabertooth platform.

The company has also developed and commercialized what is said to be the industry’s first-ever UID subsea residency solution.

Through this strategic acquisition, PXGEO and Modus Subsea Services expect to leverage their respective technological expertise and enhance their subsea autonomous offerings to provide their customers with a range of benefits, including increased efficiency, reduced exposure, and a lower environmental footprint.

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The news comes after PXGEO acquired 100% of the share capital of Oslo-headquartered AmpSeis, a geophysical company said to have developed an advanced ocean bottom node (OBN), at the end of 2023.