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Oceaneering acquires Global Design Innovation Ltd. to advance its digital capabilities

Oct 29, 20249 months ago

Acquiring Company

Oceaneering

Acquired Company

Global Design Innovation

HoustonAberdeenOil And GasSoftware

Description

Oceaneering International, Inc. (NYSE: OII) has completed the acquisition of Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services. The acquisition is a strategic move aligned with Oceaneering’s plan to expand its digital and software solutions and enhance its global client offerings, particularly in industries such as oil and gas, utilities, and power generation.

Company Information

Company

Oceaneering

Location

Houston, Texas, United States

About

Oceaneering International, Inc. is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed