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MacGregor, part of Cargotec, has received a clearance decision from the South Korean Fair Trade Commission for its acquisition of the marine and offshore businesses of TTS Group ASA.
Prysmian Group and General Cable Corporation have received the last of the regulatory approvals necessary for Prysmian’s acquisition of General Cable, which is now expected to be finalized on 6 June 2018.
A number of consented offshore wind projects present a big opportunity to get BiFab back on its feet, according to the Scottish Government. BiFab was acquired by Canadian JV Driver in April as part of the government’s intervention to save the Fife-based company, however, it still needs new contracts to secure its future operation.
Subsea 7 has completed the acquisition of Siem Offshore Contractors (SOC) and cable lay vessel Siem Aimery and support vessel Siem Moxie.
General Cable Corporation’s shareholders have approved the acquisition of the company’s 100% share by Prysmian Group.
Royal IHC completed the acquisition of Oceanteam’s Dutch-based engineering and consultancy company KCI The Engineers with the signing of the Sale and Purchase Agreement and ancillary documents on 15 January.
Global Marine Group (GMG) has completed the acquisition of Fugro’s trenching and cable lay services business.
After James Fisher and Sons took over Hughes Sub Surface Engineering Limited (HSSE) last year and Rotos 360 in March, the company’s unit dedicated to marine renewables, James Fisher Marine Services (JFMS), has acquired Insight Marine Projects – a specialist survey company headquartered in Cornwall.
The European Commission has approved unconditionally the acquisition of LM Wind Power of Denmark, by General Electric Company (GE) of the US after concluding that the proposed acquisition would not result in a significant reduction in competition in the EU’s Single Market.