ROVOP Ltd.
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ROVOP Ltd. - overview
Established
2011
Location
Aberdeen, -, UK
Primary Industry
Industrial Machinery
About
Founded in 2011 and based in Aberdeen, UK, ROVOP Ltd. provides Remotely Operated Vehicles (ROVs), servicing the offshore oil and gas and renewable sectors. In May 2024, Chouest Group acquired ROVOP Ltd. from Blue Water Energy.
As of 2024, the company is headed by its CEO Neil Potter. ROVOP’s product offering includes ROV systems equipped with assets and tooling applications tailored to meet the requirements of subsea operations. The company’s services cater to offshore wind farms, oil and gas exploration, and power and telecom infrastructure, addressing the toughest challenges in subsea environments.
Current Investors
BGF Investment Management
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.rovop.com
Verticals
Robotics
Company Stage
Acquired
Total Amount Raised
Subscriber access only
ROVOP Ltd. - timeline of key events
ROVOP Ltd. - financials
| Fiscal Year Ended | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,214,377 | 10,208,707 | 15,395,709 | 17,210,579 | 14,336,433 | 19,708,610 | 20,553,289 | 25,689,695 | - | 36,109,328 | - | - | - |
| % Revenue Growth (YoY) | - | 217.6% | 50.8% | 11.8% | (16.7%) | 37.5% | 4.3% | 25.0% | - | - | - | - | - |
| EBITDA (USD) | 941,164 | 3,352,531 | 5,292,214 | 1,486,386 | 3,181,803 | 6,786,155 | 7,212,225 | 744,686 | - | (5,970,100) | - | - | - |
| Operating Income (USD) | 819,614 | 2,756,703 | 3,821,219 | (1,271,983) | (435,955) | 3,197,741 | 3,236,215 | (1,592,990) | - | (8,578,218) | - | - | - |
| Operating Margin | 25.5% | 27.0% | 24.8% | (7.4%) | (3.0%) | 16.2% | 15.7% | (6.2%) | - | (23.8%) | - | - | - |
| % EBITDA Margin | 29.3% | 32.8% | 34.4% | 8.6% | 22.2% | 34.4% | 35.1% | 2.9% | - | (16.5%) | - | - | - |
| NET Income (USD) | 503,771 | 1,550,965 | 1,860,829 | (3,717,555) | (5,194,800) | (2,574,356) | (130,965) | (2,633,895) | - | (9,873,419) | - | - | - |
| % Net Margin | 15.7% | 15.2% | 12.1% | (21.6%) | (36.2%) | (13.1%) | (0.6%) | (10.3%) | - | (27.3%) | - | - | - |
ROVOP Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | ROVOP Ltd. | - | ||||||||
| Secondary Buyout | Completed | ROVOP Ltd. | - |
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ROVOP Ltd. - employee data
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