In local corporate news:

Oceaneering International, an offshore oil equipment supplier based in Houston, has purchased a local Lafayette-based ocean bottom mapping company for $230 million. According to the Baton Rouge Business Report, the acquired company, C&C Technologies, will give it access to technology that can map the ocean and survey marine construction for surface and subsea assets, which would boost utilization of its underwater vehicles. The company will also gain satellite-based positioning services for drilling rigs, seismic vessels and construction vehicles.

Read the full story here.


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