Hibbard Inshore acquired all shares of Loxus 3D Tunnel Inspections Oy to expand its services in Europe and worldwide
AUBURN HILLS, MICHIGAN, May 25th, 2022 — Hibbard Inshore announced today that it has completed the transaction to acquire all shares of Loxus 3D Tunnel Inspections Oy, a Finnish based company, to expand its services in Europe and worldwide.
Loxus 3D Tunnel Inspections Oy is a leader in underwater inspections of dams, tunnels, pipelines and other underwater civil infrastructure in Europe. With over 24 years of experience in professional diving operations and as a pioneer in 3D robotics technology, the company has its offices in Tuusula, Finland.
Hibbard Inshore’s 38 years of ROV and engineering experience has made them an industry pioneer in underwater inspection, construction, marine survey, autonomous operations and consulting. With involvement in a number of diverse industries, Hibbard Inshore has knowledge and experience with a wide variety of processes and project needs. From these experiences, Hibbard Inshore has been able to develop systems and techniques that address each industry’s unique concerns while focusing on project safety and cost containment.
Hibbard Inshore’s President Jay Hibbard said, “This is a unique and exciting opportunity to expand our subsea inspection and rehabilitation business allowing us to add further experience, additional subsea systems, and sensors to our team. The merging of Loxus and Hibbard will allow us to extend our reach both within Europe and worldwide, bringing top end experience along with leading edge solutions and data to our clientele.”
CEO of Loxus 3D Tunnel Inspections Oy Mikko Simola said, “We see this as a great opportunity to strengthen the business of both companies. This acquisition is particularly important for us to facilitate and expand our operations.
This acquisition makes Hibbard Inshore a World Leader in the dam and underwater tunnel inspection industry. Hibbard Inshore is headquartered in Auburn Hills, Michigan, USA.
More information about this acquisition, please contact:
Vice President of Operations Kristian Nieminen at [email protected] or at 832-978-8971.