Posted on 10.05.2011 - 14:00 EDT in ACQUISITION/MERGER NEWS by Rons_ROV_Links
MMT and NetSurvey have recently merged after 6 years cooperation on various hydrographic survey assignments.
The goal is to benefit from synergy effects and to jointly provide high-resolution surveys. NetSurvey will bring strong technical capabilities in the field of multibeam expertise to the MMT Group, which recently acquired all shares in NetSurvey Limited, Banbury, UK. Both companies operate at the cutting edge of technology and deliver high-quality, client-focused products to the world's energy companies, hydrographic offices, environmental agencies and government departments.
Ola Oskarsson, MMT's Managing Director, said: "Netsurvey has a unique concept for the processing of depth data and 3D modeling that complement MMTs activities and thanks to the acquisition creates a leading and even stronger Northern European player in the marine industry."
Commenting on the merger Duncan Mallace, NetSurvey's Managing Director, said: "We have been working closely and enjoyably together for the last 6 years and by combining our assets and skills we can lead the industry in all of our market sectors delivering innovative products that our clients are asking for but no-one is delivering. This merger immediately places NetSurvey as one of the leading survey companies in the UK."
Over the last decade MMT has conducted numerous survey assignments in UK waters and the recent merger will provide a continuous presence on the UK market. The office in Banbury will act as headquarters for MMT operations in the UK. Following the merger, the MMT Group will employ over 250 specialists in the field of marine survey, with employees both in the United Kingdom and Sweden. Bringing together MMT and NetSurvey provides a powerful platform for hydrographical surveys, pipeline inspections and marine infrastructure projects on the European and world-wide markets.