Esbjerg-headquartered MacArtney Underwater Technology Group has acquired the majority holding in Denmark-based ASME A/S, a manufacturer of offshore and renewable energy system solutions.
ASME’s 125 strong staff design and manufacture complete systems to the marine offshore, ocean science and renewable energy markets.
ASME has specialised in PLC and PC based active heave compensated solutions, launch and recovery systems, automated electric and hydraulic turntables and tensioners, and electronic control systems.
The founder of ASME, Arne Schmidt, will resign by the end of 2016, MacArtney said.
This strategic acquisition is expected to enable MacArtney to expand its offerings in existing segments as well as new segments through its worldwide operations.