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 Technip’s presence in one of the group’s 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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