A Scottish firm that supplies remote-operated submarines for use in the North Sea and abroad has secured £8 million funding in its first 14 months in a sign of investor enthusiasm for the oil and gas and energy sectors.
Aberdeenshire-based Rovop has won backing from a range of sources since it was incorporated in June last year amid a boom in activity in global oil and gas and renewable energy markets.
Founded by two veterans of the oil services business and a lawyer who moved into private equity, Rovop targets a lucrative niche.
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