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Balmoral Offshore acquires Norwegian supplier of cable protection systems

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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agricultural systems management

offshore production

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British general contracting company Balmoral Offshore Engineering has acquired Norwegian cable protection system supplier Seaproof Solutions for an undisclosed price to drive expansion
into the offshore renewable energy market.

Balmoral Offshore acquires Norwegian supplier of cable protection systems

Under the terms of the transaction, Seaproof Solutions will retain the existing management team and 37 employees
.

Bill Main, Balmoral's Chief Financial Officer, said: "This acquisition will help us enter the growing renewable energy sector
.
Balmoral's innovation and processing expertise combined with Seaproof's considerable market presence provides a compelling service
.
”

，

acquisition

Balmoral Offshore acquires Norwegian supplier of cable protection systems

Under the terms of the transaction, Seaproof Solutions will retain the existing management team and 37 employees
.

，

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