Giovanni Ranieri, CEO of the NextGeo Group, commented: “This acquisition marks a key milestone in our expansion strategy, confirming NextGeo Group’s ambition to establish itself as a leading international player, including in the subsea operations sector. Since the IPO, we have followed a clear path: to grow in a solid and sustainable way by integrating companies that share our vision and enhance our operational capabilities. RANA brings with it a wealth of distinctive technical expertise, particularly in ROV, diving and subsea engineering services, which perfectly fit our offering. Through this transaction, we will be able to expand our geographical reach and broaden the range of services we offer, allowing us to further strengthen our presence in key reference markets. This is, in fact, a highly strategic operation that will enable NextGeo to offer an even more comprehensive and diversified service portfolio, with tangible benefits in terms of efficiency, operational continuity, and industrial strength. It will also contribute to greater diversification and stabilization of our business revenues. In a rapidly evolving context such as the current one, strengthening our competitive positioning is essential to face future challenges with greater resilience and strategic vision.”

Alessandro Buffa, CEO of RANA Subsea, added: “This transaction represents a strategic step in terms of business development. Becoming part of the NextGeo Group, with which we share values and vision, represents a winning strategy to accelerate in a sustainable and structured way the growth path we have been following for years.

“The integration between the companies will generate operational synergies that will enable us to cover the entire lifecycle of offshore infrastructure. Moreover, the complementary geographical presence and service offering of the two companies will open up new development opportunities in markets where Rana and NextGeo already boast leading positions in their respective business segments.

“Thanks to the high technological content and specialized know-how developed by both companies, the new set-up will represent a strategic lever for increasing investment in research and development, with the aim of strengthening innovation capabilities and accelerating the evolution of the offer towards increasingly advanced and efficient solutions.”