Ranger Offshore buys Technip’s diving assets in USA

Ranger Offshore, Inc., a marine and subsea construction and support services contractor to the offshore oil and gas industry, today closed the previously announced agreement to acquire Technip USA’s diving assets.

Assets include two multi-service support vessels – The MSV Global Orion and The MSV Normand Commander. Under the transaction, Ranger Offshore has also acquired saturation diving systems, a hyperbaric receiving facility, surface compression chambers, launch and recovery systems, diving control systems and other ancillary diving equipment. Furthermore, Ranger Offshore will also get staff, including divers, supervisors and shore based support and project management teams.

Ranger Offshore has explained that this transaction will enable it to expand its capacity to deploy additional diving spreads and broaden its growing customer base in existing markets. The company will also expand into new markets in Africa and South East Asia.

Bill Lam, CEO of Ranger commented,

“This acquisition gives Ranger additional critical capacity to enhance our service offerings, grow with and serve our existing customers, and capture new business opportunities. In particular, we are now well-positioned to execute our strategic plan to grow into key global regions such as Africa and Southeast Asia, where current market demand for our services far outpaces existing qualified capacity. 

We have already made significant advances in preparing and managing the integration of these assets into the wider Ranger Group and, with the acquisition closing on schedule, we look forward to continuing with the next phases of our growth plan.”