Noble Denton Group acquires Standard Engineering and Brevik Engineering
Noble Denton has today announced the acquisition of both Standard Engineering and Brevik Engineering from Strata Marine & Offshore for NOK 273 million (GBP 25.9 million).
The aquisition serves to strenghten the company's position in the Norwegian market and highlights the company's business strategy to focus and committment to this market. Noble Denton has signed a share purchase agreement which is now subject to the approval of the Norwegian Competition Authority.
With this acquisition, Noble Denton's employee base reaches 730, which represents a 20 % increase. The addition of both companies also strengthens the company's engeneering base enabling further global reach and expansion within the oil and gas, marine and renewable energy markets.
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| Fund | HitecVision Private Equity IV LP Argentum share 21.83% |
| Portfolio Company | Noble Denton |
| Date of Transaction | 2008-12-19 |
| Transaction | Add-on |
| Seller | |
| Buyer | |
| Size of Transaction | NOK 273.0m |
| Ind. Focus | Energy |
| Geography | USA |
| Stage | Small/mid-cap buyout |