The company controlled by private equity investor HitecVisionwill be divided into separate entities called Reef Subsea, X-Subsea and Technocean,a statement revealed.
The former will be based in the north east of England andspecialise in subsea cable-laying and be led by current CEO DuncanMacPherson.
Managing director Jason Miller will lead X-Subsea, based inHouston, to focus on dredging and excavation work with operations in the UK,Norway, Singapore and the Middle East.
Technocean
