MacArtney Group, subsea services and engineering solutions provider, has acquired a Canadian manufacturer of subsea communication systems EMO Marine Technologies.
With this acquisition, MacArtney formed the MacArtney Canada, which will be run as an independent unit under the MacArtney Inc. umbrella as the 6th regional operation in North America.
It will serve MacArtney’s main markets in oil and gas, marine renewables, ocean science, defence, marine construction, and fisheries – including OEMs, shipyards and other suppliers catering to these markets.
Along with maintaining manufacturing of the current EMO Marine product line, MacArtney Canada will be responsible for marketing and selling the entire MacArtney product and service portfolio, including some agency products, MacArtney’s press release reads.
Niels Erik Hedeager , CEO of the MacArtney Group, said: “International expansion is part of MacArtney’s expressed strategy. EMO Marine is a sound and well-run company which is well-established in our core activity field and fits in well with the rest of the MacArtney Group. We see many similarities between the two companies and considerable potential for creating synergies between EMO Marine and MacArtney’s other subsidiaries and activities.”