General – Acquisition
ROVOP, a global supplier of ROV services to the energy sector, has announced that it has been acquired by Chouest.
ROVOP delivers high performing assets and personnel to deliver exceptional subsea operations to the oil & gas, offshore wind, and utilities industries. The company has maintained a focus on developing its onshore and offshore teams with highly specialised expertise which has contributed to considerable growth in recent years.
The deal will bring greater resources and subsea expertise to the Aberdeen headquartered business. ROVOP will now benefit from the support and capabilities of other Chouest companies worldwide, including its vessel-based operations, Caltex Oil Tools, Bram Offshore, and C-Innovation, allowing it to offer a greater range of services and drive new global growth opportunities.
“This is a remarkable opportunity for growth, innovation and delivery of even greater value to our clients, bringing a significantly increased fleet of ROVs and an expanded knowledge that our customers will be able to tap into. “Our specialist teams have helped drive our recent growth and we now look forward to integrating with the Chouest family and leveraging their global resources to enhance our capabilities and expand our reach,” said Neil Potter, CEO of ROVOP.
ROVOP was previously backed by specialist energy private equity firm Bluewater before the Chouest acquisition.
The acquisition marks a significant step in Chouest’s expansion and demonstrates its commitment to enhancing its technological capabilities and service offerings across the world. Chouest is eager to embark on this journey with ROVOP, reinforcing its position as a leader in the subsea services industry.
