Royal IHC acquires Brastec
Royal IHC (IHC) has acquired a majority stake in Brastec Technologies.
SLIEDRECHT, the Netherlands –Royal IHC (IHC) has acquired a majority stake in Brastec Technologies. IHC said this provides a foothold in the Brazilian market and the acquisition of Dutch-based SAS Offshore, which was fully owned by Brastec Technologies.
IHC and SAS Offshore have worked together on several projects. The most recent example was the delivery of the tensioners and winches for the pipelaying systems for the Sapura Navegação Marítima integrated pipelaying vessels, which were designed and built by IHC.
The company also holds a minority shareholding in the Norwegian engineering and service company AXTech, and this stake also is taken by IHC. AXTech develops, designs, delivers, tests, commissions, and carries out service on heavy lifting and material handling equipment for use in harsh and corrosive marine environments.