Management buyout at Innovatum
Posted on 05.02.2008 - 08:00 EST in GENERAL NEWS by Rons_ROV_Links
Innovatum Ltd., a company wholly owned by Terry Slater and Rob Nunn, is pleased to announce it has completed the purchase of the assets of Innovatum International Ltd. The company was previously owned by Montana & Dakota Utilities of Bismarck, North Dakota.
Innovatum is the worlds leading manufacturer of magnetic tools for the location, tracking and survey of submarine pipelines and cables. Innovatum will continue to further develop and manufacture the very successful Smartrak and SmartSearch units at the Bury St Edmunds facility, and provide a service for magnetising cables and pipelines to enhance their detection and survey. Several new products are currently in development particularly for the survey of cables in shallow water.
Innovatum Ltd is supported by a network of sales and service agents in many parts of the world.