CSS acquires Hydratight’s MORGRIP business17 September 2019
Connector Subsea Solutions (CSS) has signed an agreement for the acquisition of Hydratight’s MORGRIP Connector business in Walsall, UK.
CSS and Hydratight have collaborated to deliver challenging subsea pipeline repair projects over the last six years.
The MORGRIP Connector business will now become an integral part of CSS’ repair and modification services for subsea and deepwater pipeline repair, with the consolidated entity consisting of 60 employees dedicated to pipeline repair products and services.
The acquisition of the MORGRIP business completes CSS’ products and service offering, enabling CSS to take a lead role in providing complete subsea and deepwater pipeline repair solutions.
Pål Magne Hisdal, chairman of CSS, says: “This has been a strategic move to build a foothold in a market that we believe will grow significantly the next few years. With the MORGRIP Connector and the MORGRIP team onboard, we have taken a position to meet client’s requirements for the effective execution of demanding deepwater pipeline repair projects.”
Paul Hughes, MORGRIP business leader, adds: “The strong synergies already in place between the teams have already enabled us to develop unique and effective solutions, this fully integrated business offers ourselves and the market some very exciting opportunities.”
Adam Offord
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