Company History

 

 

OceanWorks International's management and staff have a long history of involvement in the subsea industry dating back to the 1960’s. The following is a synopsis on the recent origins of the OceanWorks organization.

1986

   

International Hardsuits (North Vancouver, BC, Canada) formed as a subsidiary of Can-Dive Services Ltd., a pioneer in the development of Atmospheric Diving Systems (ADS).

1992

   

Hard Suits Inc. (renamed) announced as a publically traded company on the Toronto Stock Exchange.

1996

   

Hard Suits Inc. acquired by American Oilfield Divers (AOD), a mid-sized publicly traded diving company headquartered in Houston, Texas.

1998

   

New senior management installed at Hard Suits by AOD and AOD acquired by Stolt Offshore S.A. (UK based).

2001

   

Management buy-out of Hard Suits Inc. completed. OceanWorks International Corporation formed as the Canadian subsidiary.

2007     The US Navy sumarine rescue system (PRMS Falcon) pioneered by OceanWorks was delivered.
2008     OceanWorks delivers its first high powered deep water seafloor network.
2010     OceanWorks moves into a new 36,000 sq.ft. facility in Burnaby, BC.
2012     OceanWorks invests in a Turkish subsidiary.
2014     New senior management installed with a change in control of parent company by a US investment group.
2016     OceanWorks International Corporation was acquired by a foreign international investment group and Turkish subsidiary was sold.