Noordhoek Group refinanced

Company News - May 19, 2011

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After what it called "a turbulent period" the Noordhoek Group in The Netherlands has been "re-launched" having attracted the capital the company needed to continue.

The company said it will remain based in Zierikzee and what it called "the vast majority" of its staff will keep their jobs.

Investment company Value Enhancement Partners in Amsterdam has taken a majority share in the company, supported by the Noordhoek family and Hanzevast, the owner of Noordhoek Pathfinder.

Cees Noordhoek said the company's new financial structure and planned reinforcement of the management at Noordhoek would enable the company to extend its specialist knowledge diving, subsea IMR, survey and subsea equipment.

"All major activities, including various recently awarded projects, are continued
unaffected," said the company.

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