Kongsberg Oil & Gas Technologies Acquires Advali AS

Press Release
Monday, November 26, 2012

Norway and India based software firm to integrate with Kongsberg Oil & Gas Technologies` Software & Services Division.


Kongsberg Oil & Gas Technologies AS (KOGT), a wholly owned company of Kongsberg, has entered into an agreement to acquire 100% of the shares in Advali AS. The acquisition, which is expected to be completed mid-December 2012, will strengthen KOGT's capabilities and efficiency in software development, testing and support.


Advali is a provider of software development services to the Nordic region. The company was originally founded in Norway in 1997. In 2003 it established facilities in Bangalore, India, focusing on software development and testing. All 120 employees are now based in Bangalore.


Today, Advali is a specialized company in relation to the entire software development value chain; from project management, technical design, modelling, development, implementation, and testing.


“We see an increasing demand to strengthen our capacity, competence and efficiency within software development, test and support,” states Pål Helsing, President and CEO, KOGT. “We have cooperated with Advali for the last few years, and have very good experience with its services and deliveries. We are therefore very pleased with the acquisition and are looking forward to integrating Advali into KOGT.”


“As a leading technology and software company, KOGT is a very good match for Advali,” adds Robert Kristiansen, Chief Executive Officer of Advali. “The acquisition will further strengthen our development, supporting deliveries and growth, in addition to being very positive for our highly skilled employees who will be working as part of a highly respected and experienced organisation in a very exciting marketplace worldwide.”


“KOGT has been our major customer for many years – integrity, passion for technology, people centric, customer oriented, are some strong common ethos’ that binds both the entities, generating the synergy that was a primary ingredient to this amalgamation and will certainly be the success factor for an easy integration of the organizations going forward,” says Vinod Bhawnani Chief Technology Officer, Advali. “We are keen to experience the increased employment opportunities, larger customer base and a wider geographic presence.”

 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

Research Vessel Heincke: Serving Science for 25 years

7 July 2015. A quarter of a century old, with over 900,000 kilometres (488,842 nautical miles) logged and still on the cutting edge of science and technology:

Water Conservation Measures at Panama Canal

The water levels at Gatun and Madden Lakes are currently well below the expected levels for this time of year. Based on a comprehensive analysis of historic data,

Contracts

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

G6 Alliance Extends Asia – North America Service

In response to market demand, members of the G6 Alliance today announced the below enhancement to improve the Asia – North America (East Coast) trade. NYK will

Stena RoRo Charters Three Vessels

Stena RoRo has reached an agreement with the Finnish shipping company Godby Shipping to long-term charter their three RoRo vessels Misida, Misana and Miranda.

Energy

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

Research Vessel Heincke: Serving Science for 25 years

7 July 2015. A quarter of a century old, with over 900,000 kilometres (488,842 nautical miles) logged and still on the cutting edge of science and technology:

First Subsea Wet Gas Compressor Installed

After several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Gullfaks C platform in the North Sea.

Software Solutions

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

NAPA Streamlines Compliance with Class Design Rules

NAPA Steel and NAPA Designer updated to reduce man-hours and duplication associated with new Common Structural Rules BC&OT   Global maritime software, services

IRClass Offers EEDI Validation Service

IRClass (Indian Register of Shipping) has recently included Energy Efficiency Design Index (EEDI) validation to its service offerings. This is in response to the

Logistics

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Is It Too Late To Tangle With Spike in Shipping Market

A series of interesting and extreme price spikes is going on in the shipping market today, says Clarksons, provider of global shipping and offshore market intelligence.

NITC Claims World's Largest Supertanker Fleet

According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV.

Mergers & Acquisitions

Ocean Safety, Richard Irvin Marine Safety Merger

Ocean Safety has today announced the merger with Richard Irvin Energy Solutions Marine Safety Division and their Aberdeen branch.   This merger follows the

Carlyle Group Acquires LMC

Global alternative asset manager The Carlyle Group today announced the acquisition of Lauderdale Marine Center (LMC), the nation's largest yacht repair facility

Qatar Navigation Absorbs Balance of SocGen Gasships

Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Ship Electronics Ship Repair 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: 0.1248 sec (8 req/sec)