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Kongsberg Maritime concludes acquisition of Evotec

Posted on 02.11.2011 - 12:00 EDT in ACQUISITION/MERGER NEWS by Rons_ROV_Links

Kongsberg Maritime concludes acquisition of EvotecKongsberg Maritime AS, a wholly-owned subsidiary of Kongsberg Gruppen ASA, completed the acquisition of Evotec AS today.

Evotec AS addresses the maritime industry, developing and delivering technological management systems for the seismic, subsea and supply markets, among others. In these selected niches, Evotec AS has developed systems that have allowed the company to carve out a position as one of the market's leading suppliers. In addition, Evotec is building up a Service and After- market Department that has recently concluded service/framework agreements with key players in the market.

Evotec AS is located in the municipalities of Herøy and Ulstein and currently has about 55 employees.

"The acquisition of Evotec is in line with Kongsberg Maritime's 'Full Picture Strategy' and will enhance our delivery scope for seismic and anchor handling vessels among others. Evotec is an innovative enterprise with good systems and skilled employees. It will be an important player in Kongsberg Maritime's further efforts in the markets mentioned", comments Geir Håøy, president of Kongsberg Maritime.

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