Rovco assets sold to Swiss group
The assets of Bristol underwater technology specialist Beam have been acquired by Swiss technology group Rosenxt for an undisclosed sum.
Beam was formed from the merger of Rovco and its spin off company Vaarty in 2024, indicating some challenges with the funding Vaarst was the data side of the business and aimed to tap into the AI boom.
Beam went into administration in May 2025 after a failed funding round, laying off 162 of its 195 staff. In 2023, Rovco (trading as Beam) reported a turnover of £19.6 million but incurred a loss of £8.1 million, following a loss of £8.7 million the previous year
Much of its business was in Aberdeen for monitoring oil rigs and wind turbines with remotely operated and autonomous underwater vehicles, (ROV and AUV).
The acquisition does not constitute a continuation of all Beam’s former operations says Rosenxt. Rather, it represents a carefully considered consolidation of key technical assets and expert talent.
Rosenxt will integrate these capabilities into its broader subsea strategy, with a focus on growth in Aberdeen and Bristol.
“Beam’s innovative legacy aligns with Rosenxt’s ambitious long-term vision,” said Hermann Rosen, Chairman of the Board. “This acquisition strengthens our ability to lead in next-generation subsea technologies, looking at least 10 years ahead”.
“We acknowledge the uncertainty experienced by clients, partners, and former employees following Beam’s abrupt closure,” said Dirk van Vinckenroye, General Manager Rosenxt.
“With this acquisition, we are laying the groundwork for a new chapter – one that values stability as much as innovation.”
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