Global Marine Group Buys Stake in Rovco

Subsea technology company Rovco said it has formed an invested partnership with offshore engineering firm Global Marine Group (GMG) to bring intelligent inspection, repair and maintenance (IRM) solutions to the global offshore market.

GMG, made up of three business units - Global Offshore, CWind and Global Marine - has secured a 13.8% share in the Bristol and Aberdeen based remotely operated vehicle (ROV) and hydrographic services business. The partnership will see both companies work together to deliver a range of subsea solutions aimed at improving data acquisition.

Rovco’s latest development, SubSLAM, which replaces visual video inspection with live 3D reconstruction technology, to obtain an accurate picture of subsea assets and environments, will be deployed from GMG’s fleet of 21 specialized crew transfer vessels. GMG’s eight cable installation and maintenance vessels which are strategically located across the globe will also be able to support IRM projects.

SubSLAM enhances the accuracy and repeatability of subsea inspection, producing submillimetric data, and providing actionable information that reduces human error. Leveraging existing and active vessels, the partnership will also streamline multiple services and optimise current offshore operations to drive down costs and increase efficiencies. The mutually-beneficial partnership will enable both Rovco and GMG to serve a wider range of customers beyond their established industries.

Following the invested partnership, Mik....

read more from oedigital.com