USA (Feb. 2, 2015) — C & C Technologies, a leading international provider
of survey and mapping services, announced today that it has agreed to be
acquired by Oceaneering International, Inc. The transaction is anticipated to
be completed in early April 2015, subject to customary closing conditions.
C & C Technologies and Oceaneering both have strong
financial and operational histories, and both have concentrations in global
deep water energy arenas. Each are committed
to providing the most advanced products and services to improve their customers’
performance. The combined experience and resources of C & C Technologies
and Oceaneering International will allow for substantial and widespread growth.
"We are truly excited about the combination of C & C and
Oceaneering,” said Thomas Chance, chief executive officer, C & C
Technologies. "The two companies are
very complementary and synergistic. This
will translate into stronger service lines for more clients worldwide. C & C and Oceaneering will certainly be a
technical and operational powerhouse on a global basis.”
C & C Technologies will retain its name and continue to
be headquartered in Lafayette, Louisiana.
Simmons & Company International served as financial
advisor to C & C Technologies for the transaction.
You can view Oceaneering International's press release here.