Royal IHC (IHC) has acquired Netherlands-based deck equipment designer and manufacturer SAS Offshore in an effort to bolster its presence as a supplier of reliable integrated offshore systems and integrated vessels in the sector.
The company has also purchased a majority stake in Brazil-based Brastec Technologies, which fully owns SAS Offshore. This deal fulfils IHC’s strategy to boost its footprint in the Brazilian market.
IHC CEO Bram Roelse said: "The acquisition of SAS Offshore fits perfectly into our strategy of becoming a total solutions provider.
"Its high level of knowledge and state-of-the-art facilities mean that we are even better equipped to deliver turnkey solutions. We are also gaining better access to the important offshore markets in Brazil and Norway thanks to SAS Offshore’s portfolio and local facilities."
IHC also holds a minority shareholding in the Norwegian engineering and service company AXTech, which is involved in heavy-lifting and material-handling equipment for use in harsh and corrosive marine environments.
IHC and SAS Offshore previously worked jointly to deliver tensioners and winches for the pipelaying systems for the Sapura Navegação Marítima integrated pipelaying vessels. The vessels were designed and built by IHC.
SAS Offshore designs and manufactures deck equipment for the offshore oil and gas market, while Brastec Technologies designs and builds value-added, tailor-made production lines for the production of umbilicals and flexible pipes.
SAS Offshore supplies pipelaying systems and winches, including ancillary equipment and services.