Hengtong to Buy Huawei Marine Networks

Hengtong to Buy Huawei Marine Networks By Stephen Hardy, Lightwave November 4, 2019 HC2 Holdings, Inc. (NYSE: HCHC) says its Marine Services Segment, Global Marine Group (GMG), has agreed to sell its 49% stake in Huawei Marine Networks Co., Ltd. to Hengtong Optic-Electric Co Ltd. for approximately $140 million. HC2 also stated that Hengtong has [...]

2019-11-05T13:52:13-05:00November 5th, 2019|Categories: State of the Industry|Tags: , , , , |

HC2 Marine Services to Sell Huawei Marine JV

HC2's Marine Services Segment Announces Sale of Huawei Marine Networks Joint Venture HC2 Press Release October 30, 2019 - Sale pegs HMN equity value at $285 million - Global Marine Group’s 49% interest valued at $140 million - HC2 continues to advance strategic alternatives for Global Marine subsidiary NEW YORK, Oct. 30, 2019 -- HC2 [...]

2019-10-30T09:47:29-04:00October 30th, 2019|Categories: State of the Industry|Tags: , , , , |

HC2 to Explore Strategic Alternatives for Global Marine

HC2 to Explore Strategic Alternatives for Global Marine Subsidiary HC2 Holdings Press Release October 22, 2018 Deutsche Bank and ABN AMRO Engaged as Joint Advisors NEW YORK -- HC2 Holdings, Inc. ("HC2") (NYSE:HCHC), a diversified holding company, announced today that it is exploring strategic alternatives, including a potential sale, for its Global Marine subsidiary. As [...]

2018-10-26T10:36:16-04:00October 26th, 2018|Categories: State of the Industry|Tags: , , , |

Global Marine, SEAIOCMA Extend Contract

Global Marine Press Release January 3, 2017 Chelmsford, United Kingdom - Global Marine, a market leader in subsea fibre optic cable installation and maintenance solutions to the telecoms and oil & gas sectors and part of the Global Marine Group (GMG), announced today that its maintenance contract with SEAIOCMA (South East Asia and Indian Ocean [...]

2018-01-03T10:59:46-05:00January 3rd, 2018|Categories: State of the Industry|Tags: , |

Global Marine To Acquire Fugro’s Trenching And Cable Laying Business

By Global Marine Group Press Release October 12, 2017 Chelmsford, United Kingdom - Global Marine Group (“GMG”), a leading provider of offshore engineering services to the telecommunications, oil & gas, and renewables industries, announced today that Global Marine Systems Limited (“GMSL”) has entered into an agreement with Fugro N.V. (“Fugro”) (AMS: “FUR”) under which GMG [...]

2017-10-12T10:15:12-04:00October 12th, 2017|Categories: State of the Industry|Tags: , , |

Global Marine Extends UK Footprint

By Global Marine Systems Press Release August 31, 2017 Chelmsford, United Kingdom - The Global Marine Group (GMG), a market leader in offshore engineering services to the renewables, telecommunications and oil & gas industries, announced today that it has expanded its operations base in the United Kingdom to include the Port of Blyth, Northumberland. Blyth, a [...]

2017-08-31T13:33:05-04:00August 31st, 2017|Categories: Offshore Energy|Tags: |