Oceaneering Int'l Buys Spectrum Sales & Services

By RTT News, 
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Oceaneering Int'l Buys Spectrum Sales & Services


(RTTNews.com) - Oceaneering International Inc. ( OII ) Tuesday said it has acquired Spectrum Sales & Services LLC.

Spectrum is a nondestructive examination (NDE) company that has developed subsea pipeline inspection technology based on the use of Electro Magnetic Acoustic Transducer technology. Spectrum's revenue for 2013 was approximately $4 million.

This acquisition adds the EMAT service line to Oceaneering's Asset Integrity business segment, which Oceaneering intends to grow by leveraging its global footprint

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This article appears in: News Headlines

Referenced Stocks: EMAT , OII

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