The acquisition has been made to meet regulatory requirements regarding competition in the market for seismic vessel deck equipment.
In July 2018, Kongsberg Gruppen announced the acquisition of the globally leading supplier of maritime technology products, Rolls-Royce Commercial Marine. Evotec is divested to ensure regulatory approval of the acquisition of Rolls-Royce Commercial Marine which has a unit that covers Evotec’s market area.
The parties have agreed not to disclose the price of the transaction. Closing date will be January 21, 2019.