OTAQ Group has completed the acquisition of Link Subsea Ltd in a deal that further cements OTAQ’s position as a world class marine technology group. Link Subsea are a leading manufacturer of underwater connectors and penetrators for the offshore energy market based in Ulverston, UK
The acquisition will spearhead the creation of the OTAQ Connectors divsion and will continue to produce high quality connectors and provide moulding solutions to the Oil & Gas, Subsea, Aquaculture, Military and Nuclear markets – building on the excellent customer base Link Subsea have developed in recent years.
Tom Houghton, Business Development Manager for OTAQ Connectors said “With an ever changing market, OTAQ is well placed to assist its customers across a range of Marine and Underwater connection products and services. With renewed confidence in the industry, 2019 is set to be a busy year for the Oil & Gas and Subsea sectors with demand for products and services out-stripping supply in many areas”
Phil Newby, CEO of OTAQ Group said “We are delighted to have completed the acquistion of Link Subsea which adds and complements the existing divsions and companies within OTAQ Group. We are looking forward to working with the team in Ulverston and are planning further investment in and expansion of the facilty there.”
The recent acquisition will see additional staff employed at the Ulverston site, and machinery added to the inventory to allow OTAQ Connections to grow and develop in-line with customer needs.
OTAQ Group’s management team has over 100 years of combined experience in aquaculture, marine and underwater technology products. The group now has 32 employees across 5 worldwide locations; Aberdeen, Lancaster, Ulverston and Oban in the UK, and Puerto Montt in Chile.