Editor's Notes

GLOBAL MARINE GROUP TO ACQUIRE FUGRO’S TRENCHING AND CABLE LAYING BUSINESS 

Editor's Notes

Forward Looking Statements 

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995. This statement reflects the beliefs of the HC2 and its subsidiary, Global Marine Systems, and contains, and certain oral statements made by our representatives from time to time may contain, forward-looking statements, including statements regarding the commencement or completion of the offering. Generally, forward-looking statements include information describing the offering and other actions, events, results, strategies and expectations and are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans," "seeks," "estimates," "projects," "may," "will," "could," "might," or "continues" or similar expressions. These statements are based on the beliefs and assumptions of HC2's management and the management of HC2's subsidiaries (including target businesses). Factors that could cause actual results, events and developments to differ include, without limitation, capital market conditions, the ability of HC2's subsidiaries (including, target businesses following their acquisition) to generate sufficient net income and cash flows to make upstream cash distributions, HC2 and its subsidiaries ability to identify any suitable future acquisition opportunities, efficiencies/cost avoidance, cost savings, income and margins, growth, economies of scale, combined operations, future economic performance, conditions to, and the timetable for, completing the integration of financial reporting of acquired or target businesses with HC2 or HC2 subsidiaries, completing future acquisitions and dispositions, litigation, potential and contingent liabilities, management's plans, changes in regulations, taxes and the risks that may affect the performance of the operating subsidiaries of HC2 and those factors listed under the caption "Risk Factors" in HC2's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, filed with the Securities and Exchange Commission. All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. HC2 does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operation results. 

About Global Marine Group

Global Marine Group is a leading provider of engineering and underwater services, responding to the subsea cable installation, maintenance and burial requirements of customers around the world.  The company has a legacy of 165 years in deep and shallow water operations and operates worldwide with main offices in Chelmsford, UK and Singapore.  GMG consists of two business units; Global Marine providing cable solutions to the telecommunications and oil & gas markets and CWind delivering power cable and asset management services topside and subsea to the offshore utilities and renewables market. The Group has two successful joint ventures in China, Huawei Marine Networks Co., Limited (HMN) providing turnkey submarine cable system solutions incorporating system design, integration and installation services and S. B. Submarine Systems Co., Ltd a leading provider of subsea cable installation services in China, both of which demonstrate the true global reach of the company. In September 2014, GMG was acquired by HC2 Holdings Inc.  For more information about The Global Marine Group, Global Marine and CWind, please visit www.globalmarine.group, www.globalmarine.co.uk and www.cwind.global. 

About HC2 Holdings, Inc. 

HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across seven reportable segments, including Construction, Marine Services, Energy, Telecommunications, Life Sciences, Insurance and Other. HC2's largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables. Founded in 1994, HC2 is headquartered in New York, New York. Learn more about HC2 and its portfolio companies at www.hc2.com.

For information on HC2 Holdings, Inc., please contact

Andrew G. Backman
Managing Director - Investor Relations & Public Relations
abackman@hc2.com
+1 212-339-5836

Sign up to receive all our latest news and subsea updates
Please complete your details and one of our team will be in touch
Oil & Gas Telecoms Offshore Renewables Power Deep Sea Research