INDUSTRY NEWS


Advanced Insulation Strengthens Subsea Growth Opportunities With Bardot Acquisition


Already a leading provider of subsea products, Advanced Insulation is strengthening their Subsea division with the acquisition of Bardot, a French- based specialist who engineer and design all S.U.R.F functions based on polymers, syntactic or steel technologies.


As part of the acquisition, a new company, AIS Bardot has been created. They will operate independently but collaborate with Advanced Insulation to bring a wider range of products to both company’s customers.


To facilitate this, Greg Hue, currently Global Sales Manager, will become Country Manager for France. In his new role, Greg will continue to lead sales


for AIS marine division (Manuplas®) whilst integrating AIS Bardot product range and solutions into the portfolio. Greg Hue commented; “Our combined strengths will help customers, achieve cost efficiencies and have access to a broader range of products and solutions”.


This acquisition comes just weeks after Advanced Insulation announced the expansion into a new unit in Gloucester to meet increasing demand for their subsea product range.


Andrew Bennion, Group Managing Director, commented: “This acquisition perfectly aligns with our growth strategy and meets criteria that we have already set out including: technology that complements our existing business, strong customer


base and the ability to leverage our effective operating model.


He continued: “While Covid-19 has created some unexpected challenges, we are confident that our agility and continued investment in research and development will deliver continued growth.”


The Bardot Group is well known as a designer and manufacturer of polyurethane moulded products including bend restrictors and bend stiffeners. They have developed a range of additional solutions (e.g. subsea buoyancy, water intake risers, ballast systems, clamps etc.) to support the oil and gas and renewables sectors which complements and extends Advanced Insulation’s current product range.


C-Innovation Acquires Caltex Oil Tools


to Expand Capabilities C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has acquired the controlling interest in Caltex Oil Tools, a solution-focused company providing equipment rentals, services and customized engineering capabilities to the offshore industry.


Headquartered in Houston and led by a core management team with more than 65 years of experience in deep water, remote technologies and intervention solutions, the Caltex team will enable C-I to further expand its engineering and subsea service capabilities in order to deliver a more complete offering. This acquisition underscores


C-innovation’s core mission to serve as the single source solution for the subsea and offshore industries.


David Sheetz, Vice President of C-I, said, “With the acquisition of Caltex, we advance our position as the single source solution for our customers. Caltex’s highly experienced team is a perfect fit to support C-I’s continued growth as a leader in the subsea market. We have been working with Caltex for a few years now, and I believe this deal will allow us to jointly develop more efficient technology and processes to increase returns in riserless light well intervention (RLWI) projects.”


Justin Branner, General Manager of Caltex, said, “Caltex is excited to join C-Innovation as they are aligned in our vision and will be a


catalyst in our pursuit to develop technology and provide services that drive efficiency and close the technology gap throughout the industry. C-Innovation is a loyal customer from the beginning trusting Caltex with providing well intervention and flowline intervention services, so this made sense for us as a company to solidify our relationship and optimize the value offering to the end customers.”


“We are enthusiastic about welcoming the Caltex team into the Chouest family of companies,” said Dino Chouest, President of C-Innovation. “Teaming C-Innovation with Caltex, along with other Chouest companies, will further strengthen us as a world leader in offering our clients a total solution in today’s challenging market.”


October 2020 www.sosmagazine.biz 13


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