The Bibby Offshore group of companies has merged with Rever Offshore AS. Rever’s subsidiaries include Cecon Contracting AS, as well as two vessel companies that own Cecon Excellence and Cecon Sovereign.
The combination of Bibby and Cecon Contracting will create a larger and more robust offshore installation delivery business internationally. The combined company will continue to evaluate growth opportunities in its core diving and subsea umbilicals, risers and flowlines (SURF) markets.
The transaction is agreed upon and expected to close soon.