BGF Invests $18.9m to Drive Sulmara’s Global Growth Ambitions

28.11.2024

BGF, one of the largest and most experienced growth capital investors in the UK and Ireland, announces an $18.9m (£15m) investment in Sulmara, an independent provider of innovative survey and inspection services to the offshore wind and energy markets.

Teledyne Valeport Welcomes Major Equipment Investment from NOR Offshore Rental to Boost UK and Global Operations

04.11.2024

Teledyne Valeport, a leader in oceanographic and hydrographic instrumentation, is pleased to announce a substantial investment from NOR Offshore Rental (NOR), as NOR makes a significant new order for Valeport technology for its subsidiary, in Aberdeen, NOR LTD.

Open Ocean Robotics Closes $2.8M Investment Round

28.10.2024

The funds will support product and technological advancements, geographic expansion into Southeast Asia, and scaling manufacturing of its uncrewed surface vehicles (USVs). To advance its innovative solutions in Southeast Asian markets, OOR is currently participating in the PIER71 Smart Port Challenge, an initiative of the Maritime and Port Authority of Singapore and the National University of Singapore.

NOR Offshore Rental Expands UK Operations with Major Sonardyne Technology Investment for Construction Survey

14.10.2024

NOR Offshore Rental (NOR) has made a further, multi-million-pound, investment in Sonardyne products for their rental pool as part of their expansion at NOR Ltd, their UK subsidiary office in Aberdeen.

Aberdeen Underwater Robotics Pioneer HonuWorx Receives Seven-figure Investment Boost

09.09.2024

HonuWorx, based in Aberdeen, plans to dramatically slash costs and emissions for offshore repair and inspection work through its fleet of autonomous, all-electric submarines. TRICAPITAL Angels and Scottish Enterprise delivered the investment round, along with UK Innovation and Science Seed Fund (UKI2S), which has invested in HonuWorx for a second time.

Aberdeen’s ROVOP Secures $25m Investment from Cordiant

12.04.2023

ROVOP, one of the world’s largest independent remotely operated vehicle (ROV) solutions providers, is pleased to announce a new $25 million senior secured credit facility with Cordiant Capital (Cordiant), the specialist global infrastructure & real assets manager.

Ground-breaking Search and Rescue Technology set for Commercialisation with £2.3m Investment

06.12.2022

Zelim, an Edinburgh based start-up pioneering unmanned search and rescue solutions, including the world's first remotely operated rescue vessel, has secured £2.3m equity investment. Most of the funding comes from lead investor, Kero Development Partners and Aberdeen based I7V, who are following initial investment in Zelim’s seed round in 2020.

Ashtead Technology Signs Rental Agreement with RTS and Invests in New Technologies

18.08.2022

International subsea rental equipment and solutions specialist Ashtead Technology has signed a rental agreement with Norway-based RTS, an international provider of electronic engineering equipment for the underwater industry.

Pioneering Darlington Subsea Firm Commissions Control Room Following £24million Investment

10.06.2022

Modus, a North East subsea services company, which is pioneering the next generation of subsea robotics, has commissioned its control room in Darlington, the culmination of a £24m investment programme. The company welcomed the Right Honourable Anne-Marie Trevelyan MP, Secretary of State for International Trade and Darlington MP Peter Gibson, to officially open the state-of-the-art control centre at its headquarters.

Blueprint Lab Awarded Defence Innovation Hub Investment

21.04.2022

The federal government has announced a $19 million investment in protecting Australian Defence Force members. Blueprint Lab has been awarded $1.04 million to develop remote operation systems for underwater expeditions as part of this investment. These cutting-edge remote operations will protect ADF members in the field.

Ashtead Technology Strengthens its Rental Fleet with Investment in iXblue Technologies

15.03.2022

International subsea equipment rental and solutions specialist Ashtead Technology has further strengthened its rental fleet with a significant investment in iXblue subsea positioning systems.

Ashtead Technology Bolsters Rental Fleet with Investment in Innova Multiplexers

20.01.2022

International subsea equipment rental and solutions specialist Ashtead Technology has further strengthened its rental fleet with a significant investment in twelve new Matrix MK II+ multiplexers from Innova.

Forssea Raises €3.8M to Finance its Commercial Deployment

19.01.2022

Underwater robotics company Forssea Robotics raises €3.8M from SOFILARO (Crédit Agricole), Qair Innovation (Jean-Marc Bouchet) its historical investors and as well as a France 2030 grant.

Baird Capital Invests in Subsea Technology & Rentals (STR)

18.01.2022

Baird Capital’s Global Private Equity team today announced an investment in Subsea Technology & Rentals (“STR”), a leading independent subsea rental equipment and specialist services provider to the offshore energy industry. The terms of the deal were not disclosed.

Ashtead Technology Starts New Growth Chapter After Successful IPO

18.11.2021

Ashtead Technology has announced that it has secured strong support from new institutional investors and will become a publicly listed company on Tuesday 23 November when its shares begin trading on the London Stock Exchange’s Alternative Investment Market (AIM). Current owners Buckthorn and APICORP will remain significant shareholders in the business.

Saildrone Closes $100 Million Series C Funding Round to Advance Ocean Intelligence Products

18.10.2021

Led by BOND, the financing will be used to scale Saildrone’s operations to meet the rapidly growing demand for critical ocean data. Saildrone, the emerging market leader in ocean data, ocean mapping, and maritime intelligence solutions, today announced the close of its $100M Series C round, bringing its total funding to $190M.

SPE Offshore Europe Live Event Postponed to 1-4 February 2022 Virtual Conference to Go Ahead 7-10 September 2021

16.06.2021

The organisers of SPE Offshore Europe 2021 have announced that the show’s face-to-face event is moving to 1-4 February 2022 at P&J Live, Aberdeen and the conference will run virtually from 7-10 September 2021.

Equity Investment in AI Technology Business Blue Lion Labs Ltd

12.05.2021

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, is pleased to announce a $300,000 equity investment in Blue Lion Labs Ltd (“Blue Lion”), a Canadian data management and software company developing solutions to multiple water-quality challenges, including real time monitoring of harmful organisms in water to deliver more sustainable food sources. Following completion of the Investment, OTAQ will hold a beneficial interest in approximately 10.0% of Blue Lion’s issued ordinary share capital.

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