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Stock Market & Financial Investment News

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June 17, 2014
17:42 EDTOIIOceaneering acquires Spectrum Sales & Services
Oceaneering International announced it has acquired Spectrum Sales & Services, a nondestructive examination company that has developed subsea pipeline inspection technology based on the use of Electro Magnetic Acoustic Transducer technology. Spectrum currently serves the oil and gas, petrochemical, and power industries primarily in the Gulf Coast Region of the U.S.. Spectrum's revenue for 2013 was approximately $4M.
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