Kongsberg acquires EvotecCompany News // July 6, 2011
Kongsberg Maritime, a fully owned subsidiary of Kongsberg, has reached an agreement in principle with the major shareholders at Evotec AS regarding the acquisition of the company.
Evotec develops handling systems to market segments such as seismic, offshore supply and subsea.
Within these niches, Evotec has developed systems which have led the company coming one of the leading suppliers in the market.
Evotec has approximately 50 employees.
"For us in Evotec this enables us to continue our already established business strategy with focus on both local and international presence. We will continue with our contribution and strong focus on being the frontrunner for new and innovative solutions for the markets covering offshore handling systems," said Trond Myklebust, Managing Director of Evotec.