Norwegian firm Connector Subsea Solutions (CSS) has completed the acquisition of subsea pipeline connection solutions provider Isotek Oil and Gas for an undisclosed sum.
The acquisition enables CSS to add Isotek’s remote welding technology to its existing range of subsea pipeline repair capabilities, which are majorly focused on joining solutions of mechanical clamp and connector pipe.
Connector Subsea Solutions CEO Ivar Hanson said: “Having led the industry on every major milestone with regards to remote repair using mechanical connectors, CSS now also has a proven capability for remote welding.
“Adding Isotek’s expertise and experience to our portfolio of services allows us to offer an unrivalled range of capabilities in the repair of shallow and deepwater pipelines of up to 48in diameter, in the most challenging operating conditions.”
CSS noted that the deal is part of a strategic move to meet growing industry demand for technologies that offer lighter, smaller and more reliable pipeline repair methodologies for complex subsea challenges.
Isotek general manager Simon Fripp said: “The synergies already in place between the Isotek and CSS teams will create exciting opportunities for us to develop new products and solutions for the oil and gas industry such as our ROV power converters.
“This will give us strong growth potential and allow us to play a key role in supporting the trend towards autonomous subsea operations, as the industry ventures into increasingly challenging environments.”
The Isotek staff will be transferred to CSS with immediate effect.
CSS and Isotek have partnered on providing subsea and deepwater pipeline repair solutions for many years now. The two companies served as development partners for Equinor’s Pipeline Repair System.