Headquartered in Quedgeley, AIS has acquired CRP Subsea to add to its growing range of subsea offerings.

CRP Subsea (formerly Trelleborg Offshore UK) are specialists in polymer and syntactic foam-based buoyancy and protection products for the offshore renewables and oil and gas industries.

The acquisition is said to significantly increase AIS' market share by uniting two industry leaders to create one global-scale business.

Together, the companies hope to capitalise on the current oil and gas cycle, pursue the energy transition with combined resources, and will be better positioned to serve their client base.

Andrew Bennion, AIS group managing director, said: "Considerable growth is expected in the offshore market, and the acquisition further strengthens AIS' position in the industry, whilst ensuring our customers have access to a wider range of innovative subsea solutions. Indeed, AIS and CRP Subsea share DNA as forward thinking, innovative companies, and we will be stronger together."

John Drury, CRP Subsea managing director, added: "We are really excited about this new chapter for CRP Subsea as we join the AIS family.

"The move enables us to accelerate our growth ambitions towards the offshore energy sector, and the synergies between CRP Subsea and AIS will allow us to bring even greater value to our customers around the world."