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Oceaneering Acquires Global Design Innovation Ltd.

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Oceaneering International (NYSE: OII) has acquired Global Design Innovation (GDi), a UK-based digital and software services provider. GDi, the only UKAS-certified provider for remote visual inspection using point cloud data and photographic images, brings advanced algorithms and data solutions. The acquisition strengthens Oceaneering's digital capabilities and asset management optimization for clients in oil and gas, utilities, and power generation industries. GDi will maintain its brand identity, with its financial results to be reported through Oceaneering's Integrity Management and Digital Solutions segment.

Oceaneering International (NYSE: OII) ha acquisito Global Design Innovation (GDi), un fornitore britannico di servizi digitali e software. GDi, l'unico fornitore certificato UKAS per ispezioni visive remote utilizzando dati di nuvole di punti e immagini fotografiche, offre algoritmi avanzati e soluzioni dati. L'acquisizione rafforza le capacità digitali di Oceaneering e l'ottimizzazione della gestione degli asset per i clienti nei settori del petrolio, del gas, dei servizi pubblici e della generazione di energia. GDi manterrà la sua identità di marchio, con i risultati finanziari che saranno riportati attraverso il segmento di Gestione dell'Integrità e Soluzioni Digitali di Oceaneering.

Oceaneering International (NYSE: OII) ha adquirido Global Design Innovation (GDi), un proveedor británico de servicios digitales y de software. GDi, el único proveedor certificado por UKAS para inspección visual remota utilizando datos de nubes de puntos e imágenes fotográficas, aporta algoritmos avanzados y soluciones de datos. La adquisición refuerza las capacidades digitales de Oceaneering y la optimización de la gestión de activos para clientes en las industrias de petróleo y gas, servicios públicos y generación de energía. GDi mantendrá su identidad de marca, y sus resultados financieros se reportarán a través del segmento de Gestión de Integridad y Soluciones Digitales de Oceaneering.

오세아니어링 인터내셔널 (NYSE: OII)글로벌 디자인 혁신 (GDi)을 인수했습니다. GDi는 포인트 클라우드 데이터와 사진 이미지를 활용한 원격 시각 검사에 대해 유일하게 UKAS 인증을 받은 영국 기반의 디지털 및 소프트웨어 서비스 제공업체입니다. GDi는 고급 알고리즘과 데이터 솔루션을 제공합니다. 이번 인수로 오세아니어링의 디지털 역량과 자산 관리 최적화가 강화되어 석유, 가스, 유틸리티 및 발전 산업의 고객들에게 이점을 제공합니다. GDi는 브랜드 정체성을 유지하며, 금융 결과는 오세아니어링의 무결성 관리 및 디지털 솔루션 부문을 통해 보고됩니다.

Oceaneering International (NYSE: OII) a acquis Global Design Innovation (GDi), un fournisseur britannique de services numériques et logiciels. GDi, le seul fournisseur certifié par UKAS pour les inspections visuelles à distance utilisant des données de nuages de points et des images photographiques, apporte des algorithmes avancés et des solutions de données. Cette acquisition renforce les capacités numériques d'Oceaneering et l'optimisation de la gestion des actifs pour les clients des industries pétrolière et gazière, des services publics et de la production d'énergie. GDi maintiendra son identité de marque, et ses résultats financiers seront rapportés par le biais du segment de Gestion de l'Intégrité et de Solutions Numériques d'Oceaneering.

Oceaneering International (NYSE: OII) hat Global Design Innovation (GDi), einen britischen Anbieter von digitalen und Software-Dienstleistungen, übernommen. GDi ist der einzige UKAS-zertifizierte Anbieter für Ferninspektionen mit Punktwolkendaten und fotografischen Bildern und bringt fortschrittliche Algorithmen und Datenlösungen mit. Die Übernahme stärkt die digitalen Fähigkeiten von Oceaneering und die Optimierung des Asset Managements für Kunden in den Bereichen Öl und Gas, Versorgungsunternehmen und Energieerzeugung. GDi wird seine Markenidentität bewahren, wobei seine finanziellen Ergebnisse über den Bereich Integritätsmanagement und digitale Lösungen von Oceaneering berichtet werden.

Positive
  • Acquisition expands digital and software capabilities
  • Gains exclusive UKAS certification for remote visual inspection
  • Enhances asset management solutions portfolio
  • Broadens client base across multiple industries
Negative
  • None.

Insights

This strategic acquisition strengthens Oceaneering's digital transformation capabilities, particularly in remote visual inspection and asset management solutions. GDi's UKAS certification and specialized Vision software represent significant competitive advantages in the industrial inspection market. The deal enhances Oceaneering's IMDS segment with advanced algorithms and data solutions, positioning them to capture more market share in oil & gas, utilities and power generation sectors.

The integration of GDi's digital capabilities with Oceaneering's engineering expertise creates valuable synergies for optimizing asset management and improving operational efficiency. While financial terms weren't disclosed, this acquisition should positively impact Oceaneering's service offerings and competitive position in the digital solutions space.

HOUSTON--(BUSINESS WIRE)-- Oceaneering International, Inc. (NYSE: OII) announced today that it has acquired Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services. This acquisition is a key step in Oceaneering’s strategy to advance its digital capabilities and broaden the solutions available to its global clients.

As the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images, GDi brings advanced algorithms and data solutions that, when combined with Oceaneering’s engineering expertise, will strengthen Oceaneering’s ability to optimize asset management for clients in industries including oil and gas, utilities, and power generation. GDi’s suite of solutions, including its Vision software, complements Oceaneering’s portfolio by supporting enhanced safety, data quality and integrity, and cost efficiency for customers worldwide.

Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, “We look forward to deepening our partnership with GDi through this acquisition, which aligns with our strategic plan to expand our digital and software solutions.”

Karl Green, director of GDi, stated: “We are excited to join the Oceaneering team, which will allow GDi to leverage Oceaneering’s global network and resources, while continuing to deliver the high-quality digital services that our customers expect.”

GDi will continue to operate under its existing brand identity. Oceaneering intends to report GDi’s future financial results through its Integrity Management and Digital Solutions (IMDS) segment.

Statements in this press release that express a belief, expectation, or intention, as well as those that are not historical fact, are forward-looking. The forward-looking statements in this press release include the statements concerning Oceaneering's: confidence this acquisition will expand its ability to deliver advanced, integrated solutions across industries; intent for GDi to continue to operate under its existing brand identity; and intent to report the future financial results of GDi through the IMDS segment. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to market conditions and other economic factors affecting Oceaneering's business. Should one or more of these risks or uncertainties materialize or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. These and other risks are more fully described in Oceaneering's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement.

Oceaneering (NYSE:OII) is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Hilary Frisbie

Senior Director, Investor Relations

Oceaneering International, Inc.

713-329-4755

investorrelations@oceaneering.com

Source: Oceaneering International, Inc.

FAQ

What company did Oceaneering (OII) acquire in its latest acquisition?

Oceaneering International (NYSE: OII) acquired Global Design Innovation (GDi), a UK-based provider of digital and software services.

What unique certification does GDi bring to Oceaneering (OII)?

GDi is the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images.

Which segment will report GDi's financial results within Oceaneering (OII)?

GDi's financial results will be reported through Oceaneering's Integrity Management and Digital Solutions (IMDS) segment.

What industries will benefit from Oceaneering's (OII) acquisition of GDi?

The acquisition will benefit clients in industries including oil and gas, utilities, and power generation.

Oceaneering International Inc.

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