MacArtney has acquired Canadian manufacturer of subsea communication systems, EMO Marine.
EMO Marine, founded in 2012, specializes in engineering and manufacturing of a range of fibre optic video/data transmission systems appropriate for various marine and subsea applications.
“MacArtney sees great potential in the ever growing marine sector on the east coast of Canada which is centered around Nova Scotia. The acquisition executes MacArtney’s commitment to being a global provider of underwater technology solutions with strong local presence,” the company said.
With this acquisition, MacArtney inaugurated the MacArtney Canada Ltd., which will be run as an independent unit under the MacArtney umbrella as the 6th regional operation in North America, the company informed.
It will serve MacArtney’s main markets being oil and gas, ocean science, defence, marine construction, fisheries and marine renewables, including OEMs, shipyards and other suppliers catering to these markets.
Founder and president of EMO Marine, Tom Knox said: “EMO Marine and all of our EMO Marine team look forward to becoming part of the MacArtney Group. The company has a strong global reputation and history of providing best-in-class subsea products, technologies and integrated systems. We therefore all expect to be able to increase business in the Atlantic Canada territory.”
“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,” said Niels Erik Hedeager, CEO of 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.”