ASI Group

ASI Deepens its Global Reach with Acquisition of CAN-DIVE Construction Ltd

Press Release

Vancouver, BC, February 5th, 2024 – ASI Group Ltd. (ASI), a globally recognized leader in
diving and underwater inspection, maintenance, and repair has deepened its operations with the
acquisition of one of Canada’s pioneering dive companies, CAN-DIVE Construction Ltd located
in North Vancouver, British Columbia.

The transaction expands ASI’s existing ability to provide subsea construction, inspection, and
repair at the international level, where it is a proven leader for ROV, AUV and diving services.
For decades, CAN-DIVE — founded by legendary underwater pioneer Phil Nuytten — has been
recognized as one of Canada’s premier diving and submersible operators. With the addition of
the CAN-DIVE team to the ASI group of companies, ASI is continuing its strategy to be one of
the world’s preeminent solutions provider for underwater construction, inspection, and

“We are delighted by this acquisition…
With our full set of solutions, there is no underwater project too big or too small for our global operations.”

– Pascal Larochelle
VP Operations West at ASI

About ASI

ASI Group Ltd. has been an industry leader in underwater inspection, maintenance and
repair, and biofouling (mussel) monitoring and control services since 1987. Originally founded
as Aquatic Sciences Inc. by a team of technical professionals, ASI’s scope and depth of work
has continually increased over the years, though the core business of marine inspections and
mussel services remain consistent.

ASI’s services are provided throughout the world from offices located in Québec, Ontario, and
British Columbia, Canada; New York, United States; and Chile, South America.

About Can-Dive Construction Ltd

As one of Canada’s most experienced underwater contractors since 1966, CAN-DIVE
Construction Ltd offers a full range of expertise and resources to commercial diving, marine and
underwater construction industries.

To view the Press Release online, click here.

To learn more about our services offered in Western Canada, contact Pascal today.

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