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NOV acquires MAATS Tech’s business intellectual property rights

A Cable Lay team in Stonehouse, UK, strengthens NOV’s capability to provide integrated cable-lay systems.

In 2023, NOV formed a new Cable Lay team based in Stonehouse, UK. The team, formerly senior and principal engineers with MAATS Tech Ltd, brings more than 70 years of combined experience in engineering fully integrated lay systems with advanced automation and line control. The dedicated Cable Lay team in Stonehouse is incorporated with the Remacut team in Rivoli, Italy..

Today, NOV is also pleased to announce that we have finalized the acquisition of the MAATS Tech business intellectual property rights.

“We are proud to have these experienced, committed, and passionate engineers on our growing team. The acquisition of MAATS Tech IP, combined with the integration of the MAATS Tech Engineering Team, demonstrates NOV Marine and Construction’s strategic long-term vision to be a leading supplier to the cable-lay industry.” Said Paolo Portonero, Managing Director, Remacut

The team’s expertise and field-proven solutions enhance NOV’s portfolio of integrated cable-lay equipment and services. These services encompass the entire design process; from early concept engineering of deck layouts and vessel integration to detailed mechanical engineering, automation, and software development.

“We are excited and appreciate the opportunity to be part of NOV, to continue our work, and to support our customers, old and new,” said Jamie Bryson, Engineering Manager Projects/Design, NOV.

The team’s extensive track record at MAATS Tech includes delivering 35+ carousels as well as cable-lay systems for some of the most advanced cable-lay vessels currently in operation. NOV will be able to support those assets going forward, providing aftermarket, spares, and upgrades.

Additionally, NOV received the cable-lay equipment contract from Nexans for its latest cable-lay vessel in Q4 2023. The Remacut™ integrated cable-lay system includes carousels, tensioners, and capstan.

Learn more: https://www.nov.com/about/news/nov-secures-remacuts-cable-lay-equipment-contract-for-nexans-new-cable-lay-vessel

For more information, contact: RC-ITA-Sales@nov.com

References: https://www.nov.com/about/news/nov-acquires-maats-techs-business-intellectual-property-rights