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

People & Company News

USCG Change of Command in Galveston

A Coast Guard lieutenant commander and graduate of Hastings High School in Houston, took command of Maritime Safety and Security Team Galveston during a ceremony in Galveston Thursday.

Miller Rejoins TITAN as Salvage Master

Captain Stuart Miller has rejoined Crowley Maritime Corporation’s TITAN Salvage operations team as salvage master, bringing with him over 30 years of worldwide,

Hamburg Süd to Acquire CCNI Liner Service

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg,

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1015 sec (10 req/sec)