Coral Reefs News

Australian offshore support vessel owner MMA Offshore has agreed to buy Perth-based Subcon, a company that provides innovative stabilization, coastal erosion, and engineered reef solutions to the oil and gas, offshore wind, coastal infrastructure, and tourism sectors.The total consideration for the transaction is $8.4 million comprising $4.2m cash and $4.2m in MMA ordinary shares."The acquisition is aligned with MMA’s purpose and strategy bringing a range of new environmental marine solutions within MMA’s capability…