Aker Marine And Vryhof Sign Letter Of Intent

Monday, November 01, 1999
Aker Marine Contractors, (AMC) a subsidiary of Aker Maritime, and Vryhof Anchors have penned a Letter of Intent to extend their cooperation agreement through their U.S.-based joint venture company - TACP/Aker LLC. According to this new agreement, AMC will sell to Vryhof the substantial assets and rights of Sea Talon Anchors, which was attained by AMC in 1988. Within their core business, Vryhof will continue to focus on the design and manufacturing of high holding power drag embedment anchors and the supply of mooring components through other alliances. AMC will concentrate on the marine contracting market, stressing on the design and installation of cost effective mooring systems for floating drilling, production and construction operations.
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