Aker Kvaerner Acquires Drilling Technology Company

Friday, September 07, 2007
Aker Kvaerner has signed an agreement for acquisition of 50 percent of the shares in the German company Wirth Maschinen- und Bohrgeräte-Fabrik GmbH (Wirth) with an option to buy the remaining shares within the next years.

Wirth is a quality supplier of drilling equipment such as mud pumps, drawworks and components for top drives. In addition the company provides tunnel and foundation boring machines for infrastructure projects and products for the mining and processing industries. Wirth has been a key supplier for the Aker Kvaerner subsidiary Aker Kvaerner MH for more than 20 years and Wirth's products have been included in many of the complete drilling packages recently awarded to Aker Kvaerner MH. Wirth is a privately held company headquartered in Erkelenz, Germany, and currently employs 480 people. In addition to the operations in Erkelenz, Wirth has subsidiaries and joint ventures in the US, China, Italy and Ukraine. Wirth's products are shipped to global markets. The company's revenue in 2006 amounted to 140 million Euros and has a strong order backlog, competence and technology base for further technology of drilling equipment.

For the last 110 years, Wirth has been successfully developing, manufacturing and selling drilling equipment and systems. The company provides cutting-edge technical solutions for a wide variety of requirements.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

TMR Unit MarCom Integrates with MCP

Telenor Maritime Radio’s (TMR) business unit for the commercial maritime communications market, MarCom, integrates with Maritime Communications Partner (MCP).   The internal transfer in Telenor,

Petronas to Deliver LNG from FLNG in Q1 2016

The world's first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter of 2016, senior

IRS on Talent Acquisition Spree

IRClass, the Leading Ship Classification Society has hired 17 of the brightest and best Naval Architecture students from the elite technical institutes of India.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1095 sec (9 req/sec)