Remotely operated vehicle (ROV) solutions provider ROVOP has announced a $25m senior secured credit facility with infrastructure asset manager Cordiant Capital.
Already backed by private equity firm Bluewater, the Aberdeen-based business provides equipment and services to customers in all key offshore sectors, including the installation of wind-farm related infrastructure, gas pipelines and undersea internet cables.
The money will be used to invest in fleet infrastructure and employees, allowing the business to continue capitalising on favourable offshore market dynamics by securing new contract wins across both new build construction, decommissioning, surveillance and maintenance services.
