Forum Energy Technologies, Inc. announced that it has acquired Syntech Technology, Inc. (Syntech). Located in Lorton, VA, Syntech is a manufacturer of syntactic foam buoyancy materials used for remotely operated vehicles (ROVs) and other deepwater flotation applications. Details of the transaction were not disclosed.
Cris Gaut, Forum’s chairman and chief executive officer , remarked: “Syntech is a welcome addition to our Forum Subsea Technologies product line and integrates an important part of the ROV supply chain. We plan to continue Syntech’s long legacy of providing top quality buoyancy materials to all of Syntech’s customers, while investing in the company to expand capacity and to serve new markets.”
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Press Release, October 02, 2012