Rovco, a UK-based provider of subsea robotics and hydrographic survey solutions to the marine renewable and wider energy sectors, has entered the US market with the appointment of a former executive from engineering firm Oceaneering.
Mitchell Johnson’s previous role saw him head up Oceaneering’s global subsea inspection business unit – he also has experience as a marine surveyor, working on new construction ship building for the US Navy.
As Rovco’s director – Americas, Johnson will be tasked with expanding the country’s global footprint and will be responsible for seeding and growing the business, drawing upon the company’s culture and offshore wind experience to establish operations in the US.
The appointment comes on the back of a successful series B raise, co-led by Legal & General Capital alongside Equinor Ventures.
This saw an initial £15.2m raise complete in April, which has since grown to over £20.5m as other investors from Europe, US and the Middle East joined the round.
“I see a lot of opportunity to adapt the operational excellence practices used in traditional oil and gas markets and apply them to the new, emerging energy mix here in the US,” said Johnson.
“Rovco is a key player in this market, and it is an exciting time to move into the US.
“I am looking forward to working with such a talented team and to leading the next phase of growth for Rovco. As a company with a strong reputation as a leader in technology-focused subsea solutions, now is the time to expand our global offering.”
Brian Allen, group chief executive, said that the appointment prepares Rovco for the next stage of growth.
“We have a vast portfolio of subsea projects past and present in the offshore wind domain, enabling us to bring extensive knowledge and learning to the US market,” he said.
“Combined with Mitch’s business acumen and intimate understanding of US legislation, this appointment supports our ambitious growth plans to expand into international markets using indigenous talent and supporting local supply chain objectives.”
Founded in 2016 and headquartered in Bristol with an operational base in Scotland. The company is currently recruiting for a number of new positions.