Technip Closes Sale Of U.S. Diving Assets

MSV Normand Commander, image: Technip

Technip announced today that as of 5 December, the Paris-based company has completed the previously announced sale of its diving Assets in the US Gulf of Mexico to Ranger Offshore Inc.

The assets involved in the sale include:

• Two multi-service support vessels – the MSV Global Orion and the MSV Normand Commander
• Saturation diving systems, a hyperbaric receiving facility, surface compression chambers, launch and recovery systems, diving control systems and other ancillary diving equipment
• Staff, including divers, supervisors and shore based support and project management teams

As part of the deal, Ranger Offshore also gained a multi-year preferred sub-contractor agreement with Technip USA to provide diving services.

Bill Lam, CEO of Ranger commented:

“This acquisition gives Ranger additional critical capacity to enhance our service offerings, grow with and serve our existing customers, and capture new business opportunities. In particular, we are now well positioned to execute our strategic plan to grow into key global regions such as Africa and Southeast
Asia, where current market demand for our services far outpaces existing qualified capacity.

We have already made significant advances in preparing and managing the integration of these assets into the wider Ranger Group and, with the acquisition closing on schedule, we look forward to continuing with the next phases of our growth plan.”

Technip says the sale follows their core strategy within North America of focusing on “high technology and ultra-deep water products and services.”

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