CoreMarine has completed the acquisition of Brazilian offshore services company BravOcean, expanding its subsea construction and project execution capabilities in Brazil’s deepwater segment.
CoreMarine announced that it has completed the acquisition of Brazilian offshore services company BravOcean. The acquisition will strengthen its subsea construction and project execution capabilities in Brazil’s deepwater segment.
BravOcean provides subsea installation support, project management and specialist personnel for deepwater subsea installation, umbilical, riser and flowline projects throughout Brazil.
According to CoreMarine, the acquisition will integrate BravOcean’s regional presence and expertise with the strengths of its offshore business, expanding its local footprint and its ability to respond to demand in the Brazilian market.
BravOcean’s commercial director said that joining CoreMarine would enable the company to integrate its local operations with international expertise and capabilities. Financial details were not disclosed.