Rotech Subsea Completes MBO
- Business & Finance
Rotech Subsea has successfully completed an MBO (management buy-out) of the Rotech group of companies in a move that will see the company strengthen its position in subsea mass-flow excavation business.
Following the MBO, the group’s three operating companies – Rotech Subsea, Rotech Engineering, and Rotech Fabrication – will be headed up by continuing directors Dr Don Stewart, Stephen Cochrane, Martin Graham and Steve Aitken with the support of Mike Hill, who continues as Chairman.
The buy-out, which was supported by existing shareholders, will herald a new phase of investment by Rotech in the growth and development of its subsea excavation business.
The company is celebrating 30 years of operation and innovation in the off-shore industry, and recently deployed its new ‘RS’ Controlled Flow Excavation technology which is set to revolutionize the sector by offering enhanced jet profile, improved performance, higher velocities, greater control and precision, improved stability and higher cutting capabilities than existing Mass Flow Excavation equipment.