MacArtney Underwater Technology Group has acquired the majority holding in Denmark-based ASME A/S.
ASME A/S designs and manufactures 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, electronic control systems and many more specialised systems.
ASME Hydra A/S, a subsidiary company of ASME A/S, designs and manufactures high quality hydraulic cylinders for the offshore market as well as other segments which require high quality materials and welding as well as traceability and documentation.
This strategic acquisition will enable MacArtney to expand its offerings in existing segments as well as new segments through its worldwide operations.
The founder of ASME, Arne Schmidt will resign by the end of 2016.
By Jake Frith