MacArtney Underwater Technology Group has acquired the majority holding in Denmark based ASME A/S.
ASME A/S designs and manufactures complete systems for the marine offshore, ocean science and renewable energy markets.
In renewables sector ASME provides total solutions to operators related to wave power and offshore wind power.
The founder of ASME, Arne Schmidt, will resign by the end of 2016, following the takeover by MacArtney, the company informed.
“This strategic acquisition will enable MacArtney to expand its offerings in existing segments as well as new segments through its worldwide operations,” MacArtney said.