Lafayette Company Adding Services, Technology To Oceaneering International Of Houston
In a $230 million transaction, Houston-based Oceaneering International is acquiring international surveying and mapping company C&C Technologies of Lafayette.
Thomas Chance, chief executive officer of C&C Technologies, announced the merger this after noon at a press conference at the company's Kaliste Saloom headquarters.
“We are truly excited about the combination of C & C and Oceaneering,” said Thomas Chance, chief executive officer, C & C Technologies. “The two companies are very complementary and synergistic. This will translate into stronger service lines for more clients worldwide."
C&C Technologies was founded in 1992 by Thomas and Jimmy Chance. The brothers' small company initially specialized in multibeam bathymetry surveys but it has grown to employ nearly 600 employees specializing in many fields including land survey, geodesy, geophysics, hydrography, computer science and number of engineering fields. C&C also made an impact on the oil and gas industry by being the first to offer commercial autonomous underwater vehicle survey services.