Trelleborg Completes CRP Acquisition
Trelleborg´s acquisition of CRP through its Engineered Systems business area has now been concluded. CRP Group is an engineering company with annual sales of slightly more than $130 million and 500 employees, primarily in the UK and the US. This will make Trelleborg a global market leader in polymer systems and solutions for offshore oil and gas projects. The purchase price totals approximately $123.6 million in the form of cash and through the assumption of loan-repayment obligations. CRP was founded in 1974 and is currently controlled by Barclays Private Equity. The company has five production units in Skelmersdale (also head office) and Barrow-in-Furness, in the UK, as well as in Randolph and Canton, Massachusetts, and Houston, Texas, in the US.
Alstom wins Contract for Cruise Ships
Alstom signed a contract worth $1.17B to build two cruise ships for Italian line MSC in a deal which might avert restructuring of its shipbuilding business following the near bankruptcy of the group last year. The order for the ships, which will each measure 1,106 ft. in length and offer 1,650 cabins, was signed by the chief executive of MSC, Pierre Francesco Vago and his counterpart from Alstom Marine, Patrick Boissier, during a press conference on Monday. The giant liners will be slightly smaller than the 345-metre Queen Mary 2, the biggest cruise ship in the world. They will be built in the shipyard in the French port of Saint Nazaire where the Queen Mary 2 was launched last year.
