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Technip Acquires Engineering Company Ingenium AS

Source: www.gulfoilandgas.com 3/13/2013, Location: Europe

Technip announces the acquisition of Ingenium AS, a highly-experienced offshore engineering and services contractor located in Oslo, Norway. Ingenium AS designs and develops mechanical and electro-hydraulic tools and equipment, for the offshore oil and gas industry, and provides engineering services for marine operations, such as the installation of pipes and cables. Comprising over 20 highly-skilled engineers in the subsea business, the umbilical lay spread on the North Sea Giant, for the Goliat project, in 2012 is one of their recent achievements.

Odd Stromsnes, Managing Director of Technip in Norway, declared: “Ingenium brings a team with solid experience and engineering capabilities that reinforces Technip’s presence in one of the Group’s key markets. Technip has a long history of working on projects with Ingenium, we are thrilled that they will be joining the Group and complementing our competencies to accompany us in taking it further.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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