The Magazine for Underwater Professionals
5th October 2018
UK-headquartered Rovco has announced plans to double its workforce as it prepares for further global expansion following a robust year of growth for the company.
The subsea ROV and hydrographic company has successfully secured inspection and survey projects across the globe in industries including oil and gas and renewables, as well as securing its first environmental survey using detailed 3D modelling. Over this period, the company has grown from three to 19 staff and is on course to double its headcount by the end of 2019.
To accommodate its rapidly expanding team, the firm recently relocated to larger premises in Bristol. The new office space will also house a research and development laboratory, where Rovco will conduct further studies into underwater artificial intelligence and live 3D computer vision.
With a number of projects in the pipeline and plans in place to purchase a fleet of autonomous vehicles, Rovco said it is in a strong position to further expand its ROV and AUV service offering to ensure its customers benefit from the latest subsea technologies on the market.
Brian Allen, CEO of Rovco, said: “This is an exciting time for the company and we have identified a number of opportunities to grow our business. We are seeing a more optimistic outlook across the industry and our plans for the next 12 months reflect this.
He added: “We have a number of key regions where we see opportunity for expansion, with a focus on oil and gas in the UK, Europe, Asia Pacific, North and West Africa markets. We are also looking to expand our offshore wind contracts in the UK and Europe.
“A key part of our growth strategy is investing in research and development. Over the next 12 months we plan to invest another two to three million pounds in our technology. We are looking at projects including applied artificial intelligence, autonomous vehicle path planning and live 3D underwater computer vision.”