MMA signed a binding agreement to acquire the business of Neptune Marine Services Limited, a leading provider of topside and subsea inspection, maintenance and repair solutions to the oil and gas, marine and renewable energy industries.
The acquisition is consistent with our strategic growth objectives and represents a key milestone in expanding our subsea service offering.
The combination of MMA’s high-quality vessel assets with Neptune’s subsea equipment and technical experience will result in a stronger service offering for both sides. We are excited to be able to provide clients with a more comprehensive suite of services.
Completion of the acquisition is subject to a number of conditions precedent including Neptune shareholder approval.