Private Equity Investment Creates Group to Focus on Growing Global Underwater Inspection Repair and Maintenance Market

摘要

Anew subsea oil and gas group, Harkand, Chaired by oil and gas industry veteran, Tom Ehret, was launched recently with an ambition to grow to a turnover of $1 billion in the next five years. Following investment by Oaktree Capital Management in Iremis, Integrated Subsea Services (ISS) and their sister company, Andrews Survey, last year, the three names have now merged to form one group focused on the fast-growing subsea inspection, repair and maintenance (IRM) market.