Oceaneering International make acquisition

C & C Technologies, a leading international provider of survey and mapping services, announced today that it has agreed to be acquired by Oceaneering International, Inc. The transaction is anticipated to be completed in early April 2015, subject to customary closing conditions.

C & C Technologies and Oceaneering both have strong financial and operational histories, and both have concentrations in global deepwater energy arenas. Each are committed to providing the most advanced products and services to improve their customers’ performance. The combined experience and resources of C & C Technologies and Oceaneering International will allow for substantial and widespread growth.

“We are truly excited about the combination of C & C and Oceaneering,” said Thomas Chance, chief executive officer, C & C Technologies. “The two companies are very complementary and synergistic. This will translate into stronger service lines for more clients worldwide. C & C and Oceaneering will certainly be a technical and operational powerhouse on a global basis.”

C & C Technologies will retain its name and continue to be headquartered in Lafayette, Louisiana.

Simmons & Company International served as financial advisor to C & C Technologies for the transaction.

Edited from various sources by Joe Green

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/03022015/cc-technologies-acquired-oceaneering-international-344/