New Offshore Division formed at MacGREGORNews // June 6, 2007
Building on the strengths of already established services in the North Sea and Asia pacific, the MacGREGOR Group has formed a new Offshore Division.
The recently acquired companies Hydramarine in Kristiansand, Norway and Plimsoll in Singapore will be the foundation for the new division in the MacGREGOR Group, MacGREGOR Offshore.
The Offshore Division will comprise more than 660 employees, 160 in Norway and 500 in Asia.
In 2006, Hydramarine and Plimsoll had a combined turnover of approximately €104 million and a order backlog of €175 million.
Both Hydramarine and Plimsoll will be financially consolidated into the MacGREGOR Group as of April 1, 2007.
MacGREGOR said the new Offshore Division will enable a high level of attention and service to the North Sea and Asia Pacific customer base and will form an important platform for the continuous development of existing, as well as new products, to serve the offshore industry.
Hydramarine focuses on the development of hydraulic and electrical load handling equipment for ship and rig owners, yards and operators. Its key products are large Active Heave Compensated (AHC) cranes for the offshore industry.
Hydramarine offers a complete range of high-end handling systems such as cranes, davits, winches and subsea load handling solutions. Its products are installed on various kinds of offshore supply vessels and rigs. Hydramarine concentrates on the offshore business in North Sea and the US Gulf region.