Blue Water acquires Pipeline Technique from Heerema.

London-based private equity firm Blue Water Energy acquires Pipeline Technique Limited, a leading provider of high-end pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors. Financial terms were not disclosed. Pipeline Technique is the seventh investment in Blue Water Energy’s Fund II. “We are excited by the investment into PTL. The company has a very strong reputation and track record in the technically-challenging pipeline welding market and we have committed significant capital to support future growth.”, Martin Somerville, Blue Water Managing Director.