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General Oceans has acquired ocean technology specialists RS Aqua as of Monday 18th November 2024 in a move that will strengthen the positions of both companies.
General Oceans, like RS Aqua, are innovators within the ocean technology sector and have successfully completed a number of recent acquisitions in the underwater technology market including Tritech International Ltd in 2022 and Klein Marine Systems in 2023. General Oceans reported revenues of GBP 62 million in 2023, an increase of 28 per cent compared to 2022, and now consists of six operating companies including RS Aqua. General Oceans employs more than 300 people based in Europe, UK, US and Australia.
Atle Lohrmann, President of General Oceans, said “RS Aqua are an important acquisition for General Oceans and we couldn’t be happier they are joining the group. We believe RS Aqua will play a significant role in strengthening the position of General Oceans within the UK market, and vice versa. There are significant opportunities for collaboration and partnerships for RS Aqua within the group: something that is fundamental to General Oceans.”
RS Aqua have over 40 years experience of supplying ocean technology sensors and systems across a variety of sectors and are a leader in their field. Based in Portsmouth, UK, RS Aqua are in a strong position within the UK underwater technology market making them an excellent addition to General Oceans.
Martin Stemp, Managing Director of RS Aqua said “I’m delighted that RS Aqua has joined the General Oceans group. We share a passion and commitment to ocean technology innovation and I’m excited for this next crucial stage of RS Aqua’s growth.”
RS Aqua will continue to operate as an autonomous business within General Oceans and it is their shared commitment to growth, technology and innovation, combined with shared values to drive future exploration, that brings both businesses together and paves the way for an exciting future.
At General Oceans, our commitment to innovation extends beyond our core operating companies. We take pride in investing in smaller businesses and startups that bring exciting and groundbreaking technology to the market. By supporting these companies, we contribute to the advancement of various industries and help foster a culture of innovation.
Echosonics, based in the Tritech factory in Ulverston, is making waves in the field of high-frequency composite transducers. This cutting-edge technology is essential for a range of applications, including underwater exploration, medical imaging, and industrial non-destructive testing. By producing high-quality transducers, Echosonics is poised to become a key player in these industries, providing innovative solutions that enhance performance and reliability.
At General Oceans, we understand that groundbreaking ideas need more than just financial backing to thrive. That's why we offer comprehensive support to the startups we invest in, from strategic guidance to leveraging our extensive industry networks.
Today, we are thrilled to announce the launch of Echosonics' new website. This platform not only showcases their innovative products but also provides insights into their technology, applications, and company vision.
Visit Echosonics' website today and join us in celebrating the success of this innovative startup. At General Oceans, we remain dedicated to empowering the next generation of technological pioneers, and we are excited to see where Echosonics' journey will lead.
