Adax Group Aquires Norac AS

Friday, September 30, 2005
Norac AS is forging ahead as one of the leading manufacturers of marine accommodation systems by joining ADAX Industrier, which will further boost its growth and development.

"This acqusition represents substantial growth for the Adax Group, giving both key geographical and manufacturing synergies," says corporate head Lars G. Otterlei.

"Norac's strong brand and international experience fits well with our strategic plans for development and global expansion. Together with Norac, the Adax Group will have 700 employees, 500 of which are outside Norway," he said. Otterlei anticipates annual ADAX turnovers to reach NOK 500 million in 2006.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

HHI to Deploy Dassault Systèmes' Design Platform

Hyundai Heavy Industries Selects Marine & Offshore Industry Solution Experiences for Design and Engineering of Offshore Structures Dassault Systèmes, the 3DEXPERIENCE Company,

Huisman Debuts Rope Luffing Knuckle Boom Crane

In order to provide reliable solutions for subsea installation in increasingly deeper water and offshore construction in severe weather conditions, Huisman introduces

Scafi Expands Fleet with Italian Damen Tug

Damen is to construct a new ASD 3212 tug for Scafi, the Italian shipping group that includes a number of international towing companies. The contract cements their

Navigation

GAO: Limited Commercial Arctic Development Foreseen

Decreasing seasonal sea ice has opened up Arctic waters for longer periods with resulting potential economic opportunities in commercial shipping, cruises, commercial fishing, oil, and mining.

Reminder Stresses Importance of Accurate Clearance Information

The Captain of the Port, New York-New Jersey, has issued a reminder about the importance of providing accurate clearance information, and warns that civil penalties

NOAA Begins Hydrographic Survey Season

New data will update nautical charts around the country. As sure as spring arrives, NOAA vessels and independent contractors are hitting the seas for the nation's

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Sonar 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: 0.0804 sec (12 req/sec)