Norway-based Oceanteam Shipping says it has exercised its option to buy the remaining 30% shares of KCI design engineers, a multi-discipline engineering company, employing over 150 engineers with offices in Schiedam, The Netherlands and Hamburg, Germany.
As a result of this transaction, Oceanteam is now the 100% strategic owner of KCI design engineers. The shares were bought from the previous management team at confidential terms.
Through this strategic purchase, Oceanteam considers it can speed up the already initiated investment program and support the company with its growth plans going forward expanding its unique and true multi-discipline design engineering services.
Oceanteam explain that for over 25 years KCI has been providing quality engineering services to a well-established base of international customers in various industries ranging from Oil & Gas and Shipping to Offshore Renewables. Since Oceanteam became a strategic shareholder in 2008, KCI's activities have shown a steady and healthy growth which has supplied a good workload to the team of over 150 highly qualified engineers.
About Oceanteam Shipping ASA
The company is an offshore shipping company. Its business is the owning, chartering and managing of Deepwater Offshore Construction Service - and Pipe Lay Vessels In addition Oceanteam Shipping provides complementary Engineering Services consisting of both engineering & design services and equipment to support its clients.
For more information: www.oceanteam.no