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

Technology

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

Hofste, Montijn Nominated to Supervisory Board Fugro

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board

Petrobras Develops Technology to Cut GHG

Petrobras develops a new technology that reduces the emission of gases that cause greenhouse A new technology to reduce the emission of greenhouse gases (GHG)

Contracts

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

U.S. Refinery Workers' Contract Talks Moving Slowly

With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company

MSC Sinfonia Upgradation at Fincantieri Shipyard

Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo.

Energy

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Hofste, Montijn Nominated to Supervisory Board Fugro

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board

Software Solutions

Navy Communications Satellite Launched

The Navy's third Mobile User Objective System (MUOS) satellite was launched today at 8:04 p.m. EST from Space Launch Complex 41. This communications satellite

BASS Lands Reederei Hamburger Lloyd Contract

Reederei Hamburger Lloyd GmbH & Co KG (RHL), signed a contract with BASS on December 31, 2014, for virtually the full suite of BASSnet software solutions for its

Fugro Wins Flood Risk Data Contract

Fugro, as a member of the Compass PTS joint venture, has been awarded an indefinite delivery/indefinite quantity (ID/IQ) contract for flood risk data services. The contract was awarded by the U.

Logistics

Hofste, Montijn Nominated to Supervisory Board Fugro

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board

Hiab Debuts Biggest Crane - HIAB X-HiPro 1058

Hiab, part of Cargotec, is set to launch the biggest crane to date in its high capacity range, the HIAB X-HiPro 1058. This signposts the first in a series of launches,

Technip Certified to EDGE Standard

Technip and EDGE Certified Foundation announce today that Technip in Brazil, in France and in Italy, including flexible pipe manufacturing plants in Brazil and France and Group’s headquarters,

Mergers & Acquisitions

CEVA Opens 4th Chicago Office

CEVA Logistics, one of the world's leading supply chain management companies, has expanded its market presence in Chicago with the opening of a fourth facility.

Chevron, SK LNG Trading Ink Deal for LNG Supply

Chevron Corporation today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA,

HII Creates Nuclear Services Company SN3

Combining Huntington Ingalls Industries’ (HII) S.M. Stoller Corp. and Newport News Nuclear subsidiaries, the company has created Stoller Newport News Nuclear (SN3),

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
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: 0.3757 sec (3 req/sec)