Hydro technology manufacturer Saab Seaeye has acquired United Kingdom-based Hydro-Lek Limited in an effort to strengthen the company’s product portfolio of remotely operated, autonomous and hybrid underwater vehicles
Saab Seaeye, a wholly-owned subsidiary of defense and security company Saab, manufactures a number of remotely operated vehicles (ROVs) that have applications in the hydroelectric power and dam sectors.
The company said its acquisition will allow it to take advantage of Hydro-Lek’s “unique tooling capability to further increase its presence in the commercial ROV market as a complete underwater ROV supplier” given Hydro-Lek’s 20 years in the industry.
“We see a clear synergy between the two companies as manipulators and tools are key components in the design and function of underwater vehicles,” Saab Seaeye managing director Jon Robertson said. “Our ability to offer and support a complete ROV and tooling solution will bring significant benefits to the market.”
Hydro-Lek will operate as a fully-owned subsidiary of Saab Seaeye. The company is located in Finchampstead Berkshire, England, and has a workforce of about 25 employees.
HydroWorld.com reported in May that Saab Seaeye had announced the opening of a new office in Houston, Texas.