UK/IRELAND

Neptune to expand ROV services with UK acquisition

NEPTUNE Marine Services has laid the foundation for its expansion in remotely operated vehicle services with the $A31.39 million acquisition of Aberdeen based Submersible Technology Services.

Under the letter of intent terms, Neptune will acquire the entire issued capital of STS for £16 million ($A31.39 million) with added conditional consideration based on STS's earnings before interest, tax,...

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