Rovop, a solution provider for remotely operated vehicles (ROVs), has announced a new US$25m (£20m) funding boost from Cordiant Capital (Cordiant), which specialises in global infrastructure and real assets management.
The company has already been backed by global private equity firm Bluewater.
According to Rovop, the ROV market has previously seen significant industry underinvestment, and that with this new investment, the company is well-positioned to help facilitate the global energy transition.
Neil Potter, CEO ROVOP, said: “ROVOP is seeing record demand for its services, and Cordiant’s investment means we’re better placed than ever to take advantage of increasing international demand for subsea robotics in both renewable and traditional energy sectors.”
“This investment solidly positions ROVOP for further growth as we continue to invest in our fleet and our people.”
The company has a UK site in Aberdeen, as well as offices in the US, UAE and the Netherlands.