DUTCH marine contractor Boskalis has acquired all the shares of Rever Offshore’s subsea services business.
Rever, formally known as Bibby Offshore, provides solutions in the area of subsea construction, inspection, repair and maintenance.
Both Rever and Boskalis operate from a base in Westhill.
Through this transaction, Boskalis will obtain two diving support vessels; fully-owned Rever Polaris and chartered Rever Topaz.
The group employs around 130 onshore staff and approximately 220 offshore workers.
Rever also had a 2020 annual revenue of approximately 90 million euros, most of which was generated through numerous framework agreements.
Boskalis said the acquisition should pay back itself in less than three years.
A press statement read: “Through this acquisition, Boskalis strengthens its current position in the subsea services market in Northwest Europe, Africa and the Middle East and its capabilities to serve both the traditional oil & gas market and the rapidly expanding offshore wind market.”
Boskalis also said it is now a “solid top three player” in the North Sea subsea market.
