A SEGENSWORTH company which make remotely-operated vehicles for use in the depths of the ocean has bought out one of its suppliers.
Saab Seaeye, which makes the ROVs for use in the oil and defence industries, among others, acquired Wokingham firm Hydro-Lek for an undisclosed sum.
Formed 20 years ago, Hydro-Lek has long supplied manipulators and hydraulic components to Saab Seaeye for its ROV systems.
Charlotte Mott, daughter of the late Chris Lokuciewski, Hydro-Lek’s founder, said: ‘The family are pleased to have found a new owner for Hydro-Lek, which will be able to grow and develop the company in the future.’
Jon Robertson, Saab Seaeye’s managing director, said the acquisition marks an important step in the company’s overall growth strategy.
He said the firm’s customers will benefit from the merger, as Hydro-Lek’s cutting-edge tooling expertise compliments Saab Seaeye, and will lead to more products being unveiled in the future.
He also said he believed that the newly-combined resources will accelerate the development of the company’s hybrid vehicle range, which will be cheaper and more environmentally-friendly for the firm’s customers to use.
He added: ‘Most importantly, all Hydro-Lek’s customers can be assured of our total commitment to serving their technology needs and building Hydro-Lek as a key supplier in the global market, supported by Saab Seaeye’s international sales and support presence.’
Saab Seaeye works closely with its parent company’s engineers in Sweden to develop new and innovative technology to use on its underwater vehicles.