The Norwegian engineering company CoreMarine has acquired ownership of BravOcean, a provider of underwater installation support services, project management, and specialized personnel for deep underwater projects. This transfer is part of CoreMarine's long-term growth strategy in Brazil, which is considered a key market.
Objectives and Implications of the Acquisition
CoreMarine has stated that this acquisition will accelerate its growth in the Brazilian market and will lead to an expansion of service offerings to meet the increasing demand for underwater construction and technical services in the region. Vinicius Vieira, the commercial director of BravOcean, has stated that this collaboration will enable them to achieve better results by combining strong local presence with international expertise.
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Strengthening Presence in the Brazilian Underwater Market
Ben Fitzgerald, CEO of CoreMarine, stated that this acquisition marks a new chapter in a relationship built on years of collaboration with BravOcean. He added that this partnership allows them to provide greater value to the thriving underwater market in Brazil. Furthermore, this acquisition will enable them to combine local capabilities with global expertise, resulting in better services for customers.
With this acquisition, CoreMarine aims to respond to the increasing needs of the Brazilian market, which has seen significant growth, especially in underwater projects and related services. The company intends to play an active role in future projects in Brazil and other regions by leveraging the experiences and expertise of BravOcean.
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