Bristol-based technology company Viper Innovations has undergone a change in ownership, completed through a management buyout. The company is focused on driving growth in its core sectors: subsea energy and rail – through global expansion. Viper Innovations’ directors, Edward Davies (MD), Hugo Mansfield (FD), James Carnegie (sales and delivery), and Rebekah Howard (operations), have acquired the majority shareholding of the group of companies. Co-founders and directors, Neil Douglas and Max Nodder retain a minority interest, as well as long-standing investor, partner and customer Oceaneering International Services Ltd. Douglas will continue to serve as a non-executive director, advising the board and maintaining an ambassadorial duty.
Viper Innovation’s success is primarily attributed to the company’s talent and its dedication to driving innovation through technology. Edward Davies, Managing Director, states: “The strong foundations laid by and leadership of our co-founders Neil Douglas and Max Nodder over their 17 years of ownership has been instrumental in achieving our current success. Neil and Max have now entrusted the new majority shareholders to carry forward this legacy, ensuring that our trajectory of growth and innovation continues. Their and Oceaneering’s continued investment in the business in terms of time and their shareholdings are a testament of their faith and trust in Viper and all its people.”
Douglas and Nodder echo their sentiment: “We have thoroughly enjoyed building the business that is Viper Innovations. The business has brought valuable innovative solutions to critical industry challenges, providing great benefits to both the Subsea and Rail industries. This is just the next chapter in the legacy of Viper Innovations, and we have the utmost confidence in the Viper team and know it will continue to grow from strength to strength.”
The new ownership paves the way for the company to expand into new global markets, utilizing its vast array of existing technologies. Viper Innovations is poised to continue its growth trajectory with the support of its talented team and investors.
