July 25, 2016 - Houston, Texas - On July 22, 2016, Oceaneering International, Inc. ('Oceaneering' or the 'Company') (NYSE:OII) completed its acquisition of Meridian Ocean Services, an international business that uses remotely operated vehicles (ROVs) to perform surveys on mobile offshore drilling units (MODUs) and floating production systems (FPS) that satisfy the underwater inspection in lieu of drydocking (UWILD) requirements of all major classification societies.
Rod Larson, President of Oceaneering, stated, 'We are pleased to have closed this transaction with Meridian which will add talentand expertise allowing us to further penetrate the UWILD market which is a very logical adjacency. The addition of Meridian is complementary to our ROV, diving, asset integrity, and tooling services businesses and will provide a comprehensive solution for our customers.'
To learn more about Oceaneering or Meridian, please visit www.oceaneering.comand www.meridianocean.com/.
Oceaneering International Inc. published this content on 25 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 July 2016 20:11:06 UTC.