Posted on 03.08.2010 - 11:00 EDT in ACQUISITION/MERGER NEWS by Rons_ROV_Links
DOF ASA is pleased to announce that DOF Subsea's Australian subsidiary has acquired SWG Offshore from ASX listed Programmed Maintenance Services.
SWG Offshore is a specialist subsea engineering and construction business with a track record of successful project execution in Australia and South East Asia. With 40 subsea construction project management and engineering employees SWG Offshore has a strong FPSO and Mooring installation track record with clients including Modec and BHP Billiton Petroleum.
DOF Subsea intends to fully integrate the SWG business into its Asia Pacific operation under the DOF Subsea brand.
Steve Brown EVP, DOF Subsea Asia Pacific said: "It's an extremely positive move, together, the new organization will have the combined assets, experience and project background to deliver greater breadth and depth in subsea capability and expertise. It puts us in strong position to support the operational needs of our clients and maximise the investment that DOF Subsea has made in a world class marine and subsea asset base."