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Acquisitions/Mergers: SAAB SEAEYE CONSOLIDATE HYDRO-LEK

Posted on 15.12.2015 - 13:08 UTC in ACQUISITION/MERGER NEWS by DT_Amanda

Following their acquisition of tooling maker, Hydro-Lek, Saab Seaeye is now consolidating the business into their own facilities at Fareham. 


“There is a strong technology synergy,” says Saab Seaeye’s managing director Jon Robertson. “Manipulators and tools are key elements in the design and function of underwater vehicles and integrating Hydro-Lek into our operation at Fareham means we can fully direct our technological expertise, operational resources and service support towards advancing the Hydro-Lek technology.”

 

He sees the move bringing greater product content to Saab Seaeye and an important step in the company’s growth strategy.

“The decision to create a central technology hub allows us to grow and develop tool and manipulator technology and strengthen our position as a complete underwater robotic solutions provider,” says Jon Robertson. “It will also accelerate developments within the our product portfolio and expand tooling options for our new range of Seaeye electric work class ROVs and hybrid AUVs, along with developing further opportunities to create more bespoke systems.”

The Hydro-Lek operation moves to Fareham 14 December 2015 from its site at Finchampstead and will become a business line within Saab Seaeye Ltd, effective 1 January 2016.

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