Rovop, a Westhill, UK-based independent subsea remotely operated vehicle (ROV) services company, secured £10m in funding from the Business Growth Fund.
In conjunction with the investment, Mike Sibson joined the Rovop board as investor director for BGF.
The company intends to use the funds for continued development of its fleet and international expansion.
Founded in September 2011 Westhill, Aberdeenshire, Rovop makes subsea remotely operated vehicles (ROV) in a 18,500 sq ft site which features a proprietary training academy, ROV simulator, offices and underwater ROV test facility.
ROVs are tethered, unmanned underwater vehicles used by the offshore oil and gas and renewables industries to carry out a wide range of tasks to support wind farm cable lay and on-going inspection; drilling operations; subsea construction; survey and the inspection, repair and maintenance of subsea pipelines, platforms and other infrastructure.
Earlier in April 2015, the company opened its US headquarters in Houston, Texas, hiring Scott Wagner, Brett “Gonzo” Eychner and Wayne Betts to lead the business, which has already served customers in both North and South America.
FinSMEs
15/05/2015