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DeepOcean acquires Searov Offshore


Amsterdam (Netherlands), 30 July 2017 – DeepOcean, a Triton Fund IV company, has signed an agreement to acquire Searov Offshore SAS, an agile and cost effective ROV service provider with a strong focus on West Africa. With this acquisition, DeepOcean has expanded its presence in West Africa. The purchase price has not been disclosed.

“This acquisition will allow DeepOcean to expand its West Africa operations from its current operations in Ghana into other countries in West Africa such as Congo, Gabon and Ivory Coast. Africa is a key region for DeepOcean and building a platform for the provision of life-of-field subsea services to our customers is one of our main strategic objectives. We are excited that Searov’s President Maxime Cerramon has decided to join DeepOcean. Maxime will play a key role in DeepOcean’s Africa activities”, said Henk van den IJssel, DeepOcean’s Managing Director for the Africa region.

Maxime Cerramon, President of Searov stated, “I view this as a great opportunity to continue to build on the successes of Searov and DeepOcean. Going forward we will be able to offer our clients more comprehensive and efficient solutions. Searov’s track record and experience in West Africa will be well complemented by DeepOcean’s experience on larger scale projects, project management and engineering capabilities”.

About Searov Offshore

Searov Offshore SAS is a French company specialised in inspection and submarine work by underwater robots or ROV (Remote Operated Vehicle) with operational in Europe and Africa using local branches in the Congo and Gabon to ensure rapid response, logistical support and quality of operational monitoring.

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About DeepOcean
DeepOcean is an integrated provider of safe, high quality, innovative services and technologies for the subsea industry. Demonstrating an extensive track record, DeepOcean offers a breadth of subsea services, including Survey and Seabed mapping, Subsea Installation(SURF), Seabed Intervention, Inspection, Maintenance and Repair (IMR), andDecommissioning.

This strong portfolio of services, coupled with a fleet of owned and controlled specialized equipment and multi-purpose support spreads, enables DeepOcean to bundle its subsea services to deliver cost-effective, tailored solutions to meet individual client needs.

DeepOcean strives for relentless customer focus and operational excellence, supported by a global team of highly professional and experienced project teams. The company delivers innovative engineering solutions and turnkey project management for complex offshore operations.

The company is an efficient offshore service provider operating in the oil and gas, offshore renewables and electrical power transmission industries, with offices in Norway, UK, Netherlands, Brazil, Mexico, Ghana and Dubai.

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About Triton

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 31 companies currently in Triton's portfolio have combined sales of around €14.4 billion and around 89,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

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