SRN Group acquired by Subsea Global Solutions

Transaction:

Subsea Global Solutions (US) acquires innovative underwater hull cleaning specialist SRN Group. VDP has advised the shareholders of SRN in realising this transaction.

SRN Group:

SRN Group is an Antwerp underwater hull cleaning specialist. SRN is active worldwide with a focus on Europe and West Africa and in recent years has grown into a reputable company with an extensive fleet of professional and innovative equipment. The company specialises in automated ROV hull cleaning, propeller cleaning and all kinds of diving activities. SRN is strongly committed to safety, people and the environment.

For more information, see: https://srngroup.be/nl/

SGS:

Subsea Global Solutions (SGS) is the world’s leading commercial diving company. With this acquisition, SGS expands its global footprint to Europe, acquires industry leading ROV hull cleaning technology and increases the number of its home ports.  Backed by private equity GenNx360, SGS is pursuing a buy-and-build strategy.

For more information, see: https://www.subseaglobalsolutions.com/