OTAQ Group completes acquisition of Marinesense Ltd

23/11/2018

OTAQ Group, a UK based marine technology group operating around the world in the aquaculture and offshore energy sectors, announced today that it had completed the acquisition of Marinesense Ltd.

Marinesense are manufacturers of the OceanSENSE underwater leak detection and Dragonfish precision laser measurement systems for the offshore energy industry.  They are considered specialists in underwater optics, lasers and video systems and have been operating since 2007 from their base in Aberdeen, UK.

Going forward Marinesense will become part of OTAQ Offshore with all their products becoming available directly from OTAQ in Aberdeen or through a network of partners around the world.

Marinesense’s core product is OceanSENSE which has over the last 12 years become the industry standard in underwater leak cement return detection.  The system is used around the world to detect leaks in hydraulic control lines on subsea production structures or to detect dye in cement during well completions.   The system is used by many of the world’s biggest offshore and subsea operators including Oceaneering, Subsea 7, Rever, Halliburton, Fugro and Technip FMC

Dr Harry Rotsch, founder and managing director of Marinesense said “We have been considering for some time what the best route for Marinesene to reach its full potential was.  It was very important to me that we ended up with new owners who shared both our values and our product vision and I am very happy that we have found that in OTAQ Group.”  Harry will continue as Technical Director for the OTAQ Offshore division.

Phil Newby, CEO of OTAQ Group said   “The acquisition of Marinesense is a very important milestone in the growth of OTAQ Group and will allow our Offshore division to provide a range of world class underwater technology products with an incredible track record. We are very excited about several new products that are in the pipeline and how the expanded team will enhance our engineering resource across the group.”

OTAQ Offshore will be based from its new facilities within Campus Two of Aberdeen Innovation Park.