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

Shippers and other ocean cargo carrier stakeholders should be cheering the announcement made today by The U.S. Coast Guard, as it formally notified the International Maritime Organization through a Declaration of Equivalency that the United States position on SOLAS is that there are multiple methods to submit the combined cargo and container weight (Verified Gross Mass or VGM).

The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).

March shipments at 798,180 trailed February by 12 percent and were down 19 percent annually. For the entire first quarter, shipments were relatively flat annually, rising 0.27 percent to 2,587,988.

OCEMA says it has placed a priority on working with other stakeholders to find operational solutions that will help U.S. exporters, carriers, and marine terminals prepare for the implementation of the SOLAS Verified Gross Mass (VGM) rule.

The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.

About the Author

Josh Bond, Senior Editor
Josh Bond is Senior Editor for Modern, and was formerly Modern’s lift truck columnist and associate editor. He has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce University.

Comments

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