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French oilfield services provider Technip (EPA:TEC) said today it has taken over UK-based subsea cable installation firm Subocean Group for an undisclosed sum.
Technip announced it has acquired all of the assets of Subocean Group, a UK based subsea cable-installation company, working in the Marine Renewables sector.
M2 EQUITYBITES-January 31, 2011-Technip acquires Subocean Group and expands renewable capabilities(C)2011 M2 COMMUNICATIONS http://www.m2.com