Home Insights Sale of RMS Submarine Limited

Sale of RMS Submarine Limited

By Simon Martin
19th Apr 2017

Ensors Corporate Finance team are pleased to announce their involvement in the sale of RMS Submarine Limited (“RMS”) to Next Geosolutions, part of the Marnavi Group based in Italy.

RMS provides consultancy, project management, R&D, personnel & equipment/ key asset resourcing solutions (often combined & with in-house technical support) to their clients in the survey, offshore renewables, subsea telecoms and O&G sectors.

Acting on behalf of RMS, the Ensors Corporate Finance team assisted with the valuation, project management of the due diligence process and provided lead advisory on the financial aspects of the deal.

Perry Balls, a director of RMS said “Many thanks for your support during this phase, the presence of Simon and the Ensors Corporate Finance team has been invaluable in assisting the board to complete the sale as smoothly as possible.”

Regarding the future of RMS, Perry also added “We are delighted to become part of the Next Geosolutions organisation, and the wider Marnavi Group. Through this acquisition we have created a unique, game changing opportunity in combining our collective operational experience and resource management solutions, offering unparalleled capabilities in the positive market upswing that is now evident.”