Oceaneering : Bolsters UWILD Services with the Acquisition of Meridian Ocean Services
July 25, 2016 at 04:11 pm EDT
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July 25, 2016 - Houston, Texas - On July 22, 2016, Oceaneering International, Inc. ('Oceaneering' or the 'Company') (NYSE:OII) completed its acquisition of Meridian Ocean Services, an international business that uses remotely operated vehicles (ROVs) to perform surveys on mobile offshore drilling units (MODUs) and floating production systems (FPS) that satisfy the underwater inspection in lieu of drydocking (UWILD) requirements of all major classification societies.
Rod Larson, President of Oceaneering, stated, 'We are pleased to have closed this transaction with Meridian which will add talentand expertise allowing us to further penetrate the UWILD market which is a very logical adjacency. The addition of Meridian is complementary to our ROV, diving, asset integrity, and tooling services businesses and will provide a comprehensive solution for our customers.'
To learn more about Oceaneering or Meridian, please visitwww.oceaneering.comandwww.meridianocean.com/.
Oceaneering International Inc. published this content on 25 July 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 July 2016 20:11:06 UTC.
Original documenthttp://www.oceaneering.com/21641/oceaneering-bolsters-uwild-services-acquisition-meridian-ocean-services/
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Oceaneering International, Inc. is a technology company, which delivers engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries. The Company operates through four segments. Subsea Robotics segment consists of its remotely operated vehicles (ROVs), survey services and ROV tooling businesses. Manufactured Products segment provides distribution systems, such as production control umbilicals and connection systems made up of specialty subsea hardware, along with clamp connectors and subsea and topside control valves. Offshore Projects Group segment provides a portfolio of integrated subsea project capabilities and solutions. Integrity Management & Digital Solutions segment provides asset integrity management, corrosion management, inspection and nondestructive testing services, principally to customers in the oil and gas, power generation and petrochemical industries.
OCEANEERING INTERNATIONAL, INC. 
