IHC taking full control of KCI

Oceanteam and Royal IHC have executed a signing protocol, under which IHC will acquire all outstanding shares of Oceanteam subsidiary KCI the Engineers B.V.

Offshore staff

PARADIS, Norway – Oceanteam and Royal IHC (IHC) have executed a signing protocol, under which IHC will acquire all outstanding shares of Oceanteam subsidiary KCI the Engineers B.V.

IHC plans to maintain KCI, a specialist in offshore and renewables energy engineering, as an independent operating company which will continue to serve external clients while also working on IHC projects.

At the same time, Oceanteam will retain access to all intellectual property in relation to its vessels, carousels and other facilities, and to KCI’s engineering capabilities through a long-term service level agreement between IHC and Oceanteam.

This should provide the company with all necessary engineering support to pursue further growth of its Solutions and Shipping divisions.

01/04/2018

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