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 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

BMT ARGOSS Awarded OHSAS 18001

BMT ARGOSS, an operating company of BMT Group Ltd. has been awarded the universally recognized standard for occupational health and safety, BS OHSAS 18001. BMT ARGOSS,

There’s Still Time for SHIPPINGInsight Award Entries

Entry submissions for the first SHIPPINGInsight Award are due Friday, Aug. 1, but organizers said they will continue to accept nominations through following week to provide some extra time.

Joint Project Studies Condition-based Engine Monitoring

Classification society ClassNK announced that it will participate in a joint project together with Mitsui Engineering & Shipbuilding Co., Ltd. and MES Technoservice Co.

Contracts

Former MSC Manager Sentenced on Bribes Charges

Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.

Vale Profit Falls Amidst Record Output

Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.

Kurdish Crude Lightered, Destination Unknown

Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the

Energy

US DOE Approves Oregon LNG Export Project

The U.S. Energy Department said on Thursday it has approved Oregon LNG to export liquefied natural gas, as the Obama administration works through applications to

Kurdistan Says Crude Cargo Near Texas Legally Sold

A $100 million cargo of crude oil in a tanker near Texas was legally shipped and sold by Kurdistan, lawyers for the autonomous region in Iraq told a U.S. court in a letter seen on Thursday,

Kirby Reports Record Q2 2014

Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability.

Software Solutions

New AVEVA ISM Bridges the Gap

AVEVA launches a new application for governing asset information using a standards-based methodology. AVEVA announced the launch of AVEVA Information Standards Manager (AVEVA ISM),

ISS's Innovative Series of New Travel Apps for Cruise Industry

Inchcape Shipping Services (ISS) the world’s leading maritime services provider, has launched an innovative series of travel apps for the cruise industry in Greece,

HydroComp to Hold Propeller 'Mini-Workshop'

A special version of HydroComp's intensive Propeller Workshops will be brought to Tampa before the start of IBEX 2014.   The Mini-Workshop is a special version

Logistics

Kurdistan Says Crude Cargo Near Texas Legally Sold

A $100 million cargo of crude oil in a tanker near Texas was legally shipped and sold by Kurdistan, lawyers for the autonomous region in Iraq told a U.S. court in a letter seen on Thursday,

Redwood City Sees Cargo Movement Boost

Port of Redwood City reports 19% increase in cargo movement; highest since 2006 and third highest in modern history Reflecting a significant increase in construction

UK Oil Imports Exceed Exports for First Time in 30 Years

Britain imported more oil products than it exported last year for the first time in 30 years, an official report shows, and analysts say the country is likely to

Mergers & Acquisitions

Rio Tinto Pulls Plug on Mozambique Coal Venture

Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending

Rohr Dredge Continues European Expansion

Rohr International Dredge Holdings, Inc. announced that it acquired Eurl Rohr France, including its current backlog, inventory and all associated intellectual property (IPR), on July 23, 2014.

Total Sells ts Coal Mining Assets to Exxaro

Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Winch
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: 0.1991 sec (5 req/sec)