Next Geosolutions Completes The Acquisition Of Subonica S.R.L., An Established Italian SME Offering ROV Services

Subonica operates mainly in the fields of offshore energies, both renewable and traditional, submarine power cables, scientific research, environmental studies and monitoring, and underwater archaeology.

Giovanni Ranieri, CEO of NextGeo, commented: “This M&A transaction is fully in line with the growth and development path we declared at the time of listing and allows us to further expand our geophysical and environmental survey services offer. Specifically, thanks to the technological assets of Subonica, we will be able to strengthen our nearshore activities and thus diversify our business, which is now mainly focused on offshore activities. This is a further step that allows us to consolidate our position among the leaders in the sector and to credit ourselves among our customers as a reference partner offering cutting-edge technological solutions”.