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Subsea Global Acquires T and T Salvage Asia to Strengthen Position in APAC Region
Monday 24 February 2020

24 February 2020 - Miami, US-based commercial diving company Subsea Global Solutions (SGS) has acquired the commercial diving division of T and T Salvage Asia, Pte. Ltd. to strengthen position in the Asia-Pacific region, the company said.
Terms of the transaction were not disclosed.
Subsea Global is a portfolio company of GenNx360, a New York-based private equity firm.
The acquisition of T and T, added to SGS' recent acquisition of Underwater Contractors Pte. Ltd. Singapore, creates a single platform under the SGS umbrella with advanced technologies, special repair equipment, and more than 40 skilled diver/technicians to enhance capabilities in Singapore. 
GenNx360 Capital Partners is a private equity firm focussed on acquiring middle market business services and industrial companies.
Target industries include industrial machinery and components, logistics and supply chain solutions, industrial and environmental services, food and agricultural products and services, infrastructure equipment and services, speciality chemicals, packaging, and aerospace and defense.
Subsea Global Solutions offers methods of repair and maintenance for ships and advanced procedures used in underwater marine construction.
Date Published: 24/02/2020
Target: T and T Salvage Asia/ commercial diving division
Country: Singapore
Sector: Water Transport
Type: LBO
Status: Closed
Vendor: T and T Salvage Asia
Buyer: Subsea Global Solutions
Terms of the deal were not disclosed