Marin, the ultra-deepwater excavation specialist and recovery firm, is to acquire AGR Seabed Intervention.
The announcement comes after the duo formed a strategic alliance earlier this year. The acquisition of AGR Seabed Intervention will advance Marin's strategy of extending its global reach and specialist excavation services.
George Stroud (Marin CEO) said: "Acquiring AGR Seabed Intervention complements our position in the market. We have already worked together on global projects and both businesses have a proven track record executing high-level engineering and technical operations. This is an exciting time for clients, especially those looking for early execution of difficult excavation projects, as Marin has all of the required tooling to gain greater results at site. This acquisition presents an opportunity to grow our newly strengthened business to benefit our customers and all our people."
AGR Seabed Intervention will merge with Marin and employees from the Aberdeen office will be based at Marin headquarters in Ellon, Aberdeenshire.
Paul Betteridge (AGR Seabed Intervention CEO) said: "Uniting the businesses will ensure that excellence in service delivery and innovation continues. I would also like to take this opportunity to reassure our existing customers that they will continue to receive the high standards of service they've come to expect from us."