Oceaneering International, Inc. has acquired Symmetry Ltda, a Brazilian engineering consulting company. Symmetry specializes in providing computerized monitoring and control systems and unique subsea products utilized in the development of offshore oil and gas reserves. The monitoring and control systems are used for dynamic positioning, mooring, pipelaying, and riser applications. The subsea products include a flexible pipe connector repair clamp.
This acquisition expands the technical capabilities of Oceaneering in the areas of subsea engineering, electronics, and computer software. These capabilities will be exploited in our ongoing effort to develop new services and products for use in finding and producing deepwater hydrocarbon reserves throughout the world.