Ambienta Takes pct 35 Stake in FoundOcean

Environmental investor Ambienta has taken a 35% stake in FoundOcean, which provides foundation grouting services to the oil, gas and offshore wind sectors.

The reNews portal informs that Ambienta will focus on the company’s general development to help it secure deals in the offshore market. The remaining equity will be held by management.

This investment will allow FoundOcean to continue with the plan of expanding its presence in the offshore energy sector, said the managing director Jim Bell.

Geographic expansion and diversification into the rapidly growing offshore wind market resulted with the company’s revenues growth by over 100% in the last two years.

[mappress]
Offshore Nieuws Staff, June 18, 2012; Image : FoundOcean