Tyneside-based DME Systems has been acquired by the US company Woocheen, marking a significant enhancement in capabilities for both entities.
The acquisition supports Woocheen’s commitment to ocean health, offering a boost to its geosciences division. This strategic move strengthens both companies’ roles in addressing modern environmental challenges.
DME Systems, renowned for its expertise in subsea engineering, joins Woocheen, a $1 billion ‘ocean health’ enterprise. Although the acquisition terms remain undisclosed, this partnership is lauded as a significant investment. It aims to bolster Woocheen’s Seas Geosciences division, which is engaged in cutting-edge geological studies, including an expansive project on the Mediterranean seabed.
The move to augment the ongoing work of investigating geological aspects of ultra-deep waters resonates with Woocheen’s vision. This acquisition allows the firm to expand capabilities in offshore, nearshore, and onshore ground investigations.
Woocheen’s acquisition of DME Systems enhances their offerings in clean energy and climate science services. The new alliance aligns with Woocheen’s commitment to environmental sustainability and innovation in subsea technology.
According to Terry Downes, Woocheen’s CEO, the partnership unlocks new opportunities for stimulating growth in clean energy solutions, leveraging the robust heritage of subsea expertise in the North East of England.
Both companies share a commitment to solving complex engineering problems with innovative solutions. Darren Coombe, director at DME Systems, expressed enthusiasm about this strategic milestone.
He emphasized that joining Woocheen supports a shared vision and cultural alignment, primarily focused on people and delivering superior service.
This strategic alignment is expected to open up avenues for collaborative problem-solving and innovation within the extended Woocheen platform.
Woocheen, part of the Alaskan native-owned Sealaska corporation, channels its profits to benefit indigenous communities. This acquisition is another step in expanding their global capabilities through strategic partnerships.
Woocheen’s history of acquiring like-minded businesses that prioritize environmental care and community well-being sets a precedent for its growth strategy.
The acquisition marks a new chapter in DME Systems’ remarkable growth journey, from increasing its workforce to relocating to larger premises to accommodate international projects.
This transition into Woocheen’s platform signifies a commitment to leveraging shared expertise for mutual growth and expanded project capabilities.
Aligning with Woocheen’s environmental and innovation goals, DME Systems anticipates enhanced service delivery and a broader scope of impact.
The collaboration is poised to stimulate significant advancements in subsea technology and geosciences. Future projects are expected to harness the strengths of both entities in innovative ways.
By integrating resources and expertise, Woocheen and DME Systems aim to explore new technological frontiers and address climate change challenges.
The acquisition brings together two entities with a shared vision for sustainable growth and technological innovation.
This strategic move promises to enhance capabilities and drive progressive solutions to global environmental challenges.
The acquisition of DME Systems by Woocheen signifies a strong commitment to advancing subsea engineering and environmental sustainability.
This strategic partnership is poised to leverage combined expertise and resources, fostering innovation and addressing critical environmental challenges ahead.
