Ulstein Group signs MoU with IDEA Heavy EquipmentCompany News // May 6, 2011
Ulstein Group in Norway and IDEA Heavy Equipment in The Netherlands have signed a Memorandum of understanding (MOU) regarding their ongoing collaboration.
The MOU will lead to the establishment of a business in the Netherlands by 1 July 2011. The companies have worked together before on innovative wind turbine installation vessels.
The new company will be called Ulstein IDEA Equipment Solutions and combines ULSTEINís offshore vessel design, marine equipment packages and construction capabilities with mission equipment design and construction from IDEA Heavy Equipment.