Oceaneering Acquires C & C Technologies, Inc.

April 2, 2015

Oceaneering International, Inc. has closed the previously announced definitive agreement to acquire C & C Technologies, Inc., a global provider of survey and satellite-based positioning services.

Subject to customary post-closing working capital adjustments, the acquisition price of approximately $230 million was paid in cash.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense and aerospace industries.