Attain Subsea Buys Australian Marine Survey Agency

Norwegian subsea companies firm Attain Subsea has accomplished the acquisition of the Australian marine survey firm Guardian Geomatics Pty. 

Attain Subsea had introduced the proposed acquisition of Guardian Geomatics in October.

It mentioned on the time that the acquisition would speed up its strategic world enlargement agenda and open new doorways for it in Australia and the Asia-Pacific markets. 

It mentioned that Guardian Geomatics’ current survey enterprise was extremely enticing, and as a part of Attain Subsea, the corporate would function an enabler for launching its unmanned Attain Distant platform in Australia and different world markets.

Guardian Geomatics was established in February 2018 by a bunch of business consultants with huge business expertise from amongst different locations Fugro. 

In FY 2023 (fiscal 12 months ending 30 June), Guardian Geomatics’ revenues reached AUD 41.7 million, a progress of 96 % in comparison with FY 2022. 2023 EBITDA was AUD 6.2 million, a progress of 41 %. 

Guardian Geomatics affords marine survey options to the oil and fuel business, and authorities sector shoppers. These embody geographical, hydrographic, oceanographic, and environmental surveys. As well as, Guardian conducts geotechnical website investigations, positioning, and ROV companies, in addition to offering contracting and consulting companies. 

Attain Subsea mentioned in October that the acquisition consideration paid to promoting shareholders will consist of roughly 16 million new shares in Attain Subsea ASA, plus AUD 5.5 million in money to be paid one 12 months after the deadline. 

Asserting the completion of the transaction this week, Attain Subsea mentioned its board of administrators resolved to concern 15,469,682 new shares to the promoting shareholders within the transaction.