Fugro is to buy the business and assets of Submec, a privately owned business engaged in subsea engineering and ROV tooling services. Submec is a provider of subsea engineering and remote intervention tooling services to the offshore oil and gas industry throughout Australasia and has worked closely with Fugro on a number of projects.
Submec employees ten people and is based in Perth, Australia. All management and staff will remain with the Company as Fugro plans to expand and integrate Submec services with its other subsea business line activities in the region.
Fugro expects the transaction to be completed around end September.
Members of the US Geological Survey were filmed while out on the Missouri River at Williston, North Dakota, USA, performing a hydrographic survey to monitor the state of riverbed erosion. They were using a multibeam echo sounder which transmits sound energy and analyses the return signal (echo) that has bounced off the riverbed or other objects. Multibeam sonars emit sound waves from directly beneath a ship's hull to produce fan-shaped coverage of the riverbed.
