IHC Merwede Acquires Sea Steel

Friday, April 18, 2008

IHC Merwede acquired 100 percent shares of Sea Steel Ltd. and its subsidiaries on April 4, 2008.
The company is based in Dorset (UK) and has an extensive track record of developing innovative sub-sea piling solutions for the oil and gas industries. The company will operate under the name IHC Sea Steel.
SEA STEEL is responsible for a number of “everyday” innovative piling tools including the patented “Fast Frame” that has been developed to substantially reduce offshore installation times whilst maintaining pile orientation and verticality tolerances. The current rental fleet can be used for driving piles from 20” to 96” in diameter in water depths up to 2,000m.

 

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