Proserv Group LLC has acquired Nautronix, based in Aberdeen, United Kingdom. Proserv is a portfolio company of Riverstone Holdings LLC, an energy-focused private equity firm based in New York.
Employing 120 people, Nautronix is headquartered in Aberdeen where the main research and development, and manufacturing facilities are located. The company is internationally recognised for its through-water digital acoustic wireless communications and positioning systems, diver communications and vessel systems whilst also providing survey services. The technology focussed organisation which operates across the global subsea sector provides a range of products and services including; NASNet®, NASCoM, NASDrill, NASDive and Survey Services.
The transaction, which includes Nautronix chief operating officer Mark Patterson joining Proserv, heightens Proserv’s position as a leading player in the controls and communications market and presents the company with the opportunity to expand its offering by providing fully integrated subsea controls, communications, positioning and survey services.