OEG Offshore (OEG) has announced the acquisition of Pelagian Ltd (Pelagian), a leading provider of consulting, engineering and installation management services to the subsea cable and offshore renewable energy industries.
Pelagian Ltd is an established UK company with over 20 years experience in the submarine cable industry. Their global expertise in providing submarine cable construction services makes them a valuable asset to OEG Offshore. With this acquisition, OEG will be better equipped to support the cable industry in various end markets, including telecommunications and interconnects as well as offshore wind.
A strategic acquisition for OEG Offshore
OEG Offshore CEO John Heiton said, “We are delighted to welcome another expert company to the OEG family. Their experience in the subsea cable industry will be invaluable to us as we continue to develop our services in the offshore renewable energy sector. This acquisition is a strategic move for us and we look forward to working with Pelagian to provide our customers with innovative and reliable subsea cable solutions.”
The agreement comes on the heels of OEG’s recently announced partnership with Oaktree Capital Management, L.P., marking a new chapter for OEG and signaling the group’s commitment to expanding its business and global reach.
Symbol of success for Pelagian
Peter Fisk, Pelagian’s managing director, said, “Pelagian has one of the most experienced cable consulting teams in the world and we can provide glue across many components of the OEG group, enabling a more consistent offering to their various industries. As we reach our 20th anniversary as a respected service provider, we look forward to exciting growth as part of the OEG team.”
Pelagian supports the entire cable construction process, from initial feasibility studies to route engineering, risk management, permit acquisition and stakeholder liaison, cable route mapping, cable installation project management, system testing and acceptance through to lifetime operations and maintenance. Pelagian, based in Wiltshire and employing 13 people who manage a global pool of subcontractors, will retain its separate name and Peter Fisk will continue as its managing director.
