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Kongsberg Gruppen buys 62% of Seaflex AS

Kongsberg Maritime strengthens its offshore activity and has signed an agreement with Advanced Product and Loading AS for the acquisition of the latter company`s 62 per cent stake in Seaflex AS of Asker for MNOK 22. Seaflex, which specialises in riser technology for offshore oil and gas production, had some 20 employees and a turnover of roughly MNOK 23 last year.

The agreement implies that Seaflex' technology will be more closely linked to dynamic positioning with a view to vessels and platforms for oil and gas production. Meanwhile, Seaflex will gain access to a well-developed international marketing organisation.

"Becoming the majority shareholder in Seaflex is a continuation and expansion of a good working relationship that began back in 1997", comments President Steinar Aabelvik of Kongsberg Simrad.