Technip buys Norwegian engineering firm Ingenium
France-based engineering group Technip announced on Wednesday the acquisition of Ingenium AS, a highly-experienced offshore engineering and services contractor located in Oslo, Norway.
Ingenium AS designs and develops mechanical and electro-hydraulic tools and equipment, for the offshore oil and gas industry, and provides engineering services for marine operations
, such as the installation of pipes and cables.
Comprising over 20 highly-skilled engineers in the subsea business, the umbilical lay spread on the North Sea Giant, for the Goliat project
, in 2012 is one of their recent achievements, according to Technip officials.
Ingenium brings a team with solid experience and engineering capabilities that reinforces Technips presence in one of the groups key markets," said Odd Strømsnes, managing director of Technip in Norway.
"Technip has a long history of working on projects with Ingenium. We are thrilled that they will be joining the [company] and complementing our competencies to accompany us in taking it further.
Financial terms of the acquisition were not disclosed.
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