Oceaneering’s Advanced Technologies Group (Adtech) acquires Frog AGV Systems

Acquisition to better serve customers in defense, entertainment and aerospace markets.
By Modern Materials Handling Staff
January 03, 2014 - MMH Editorial

Oceaneering International’s Advanced Technologies Group (Adtech) has announced the acquisition of Frog AGV Systems.

Frog AGV Systems is based in Utrecht, The Netherlands, with offices in Germany and the US. With more than 1,200 AGV’s (automated guided vehicles) deployed in the past 30 years, Frog’s products use its patented navigation technology, in conjunction with sophisticated software and sensors, to provide accurate guidance to its AGVs. The AGVs then autonomously navigate through complex pathways to complete various missions. Frog’s AGV systems can be found in a multitude of industrial applications, typically in use as very flexible transportation systems for the automotive industry, plastics and electronics, pharmaceutical, healthcare, food and beverage, warehousing logistics, foundries and specialized aerospace applications.

Oceaneering International is a publicly traded US company that is a global oilfield provider of engineered services and products for the offshore oil and gas industry. The Adtech group already serves the defense, entertainment and aerospace industry with highly automated systems that will be enhanced by Frog’s continuing operation and expansion.

Frog’s recent successes include its partnering with Adtech’s theme park division, Oceaneering Entertainment Systems (OES), in development of the world’s first Tru-Trackless TMpassenger ride vehicles for the theme park industry. More recently Oceaneering and Frog were awarded a major AGV contract by the CHUM Hospital in Montreal to provide a large fleet of logistics support AGVs.



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Jacksonville, Fla.-based Florida East Coast Railway (FECR), a 351-mile freight rail system on the state’s east coast, recently made two separate announcements. One had to do with an expansion of intermodal services between Charlotte, N.C. and various locations in South Florida and another was related to the company boosting its intermodal capacity through the addition of new equipment.

The International Air Transport Association (IATA) announced August 2014 data for global air freight markets showing continued “robust”growth in air cargo volumes.

Even though some of its key metrics dropped sequentially from August to September, the outlook for manufacturing over all remains strong, according to the most recent edition of the Manufacturing Report on Business issued today by the Institute for Supply Management (ISM).

Company officials said that these planned changes, which will take effect on January 4, 2015, will provide for increases in current pay rates and reduce the time it takes for its nearly 15,000 drivers to reach top pay scale.

While the economy has seen more than its fair share of ups and downs in recent years, 2014 is different in that it could be the best year from an economic output perspective in the last several years. That outlook was offered up by Rosalyn Wilson, senior business analyst at Parsons, and author of the Council of Supply Chain Management Professionals (CSCMP) Annual State of Logistics Report at last week’s CSCMP Annual Conference in San Antonio.

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond

Comments

Post a comment
Commenting is not available in this channel entry.