Sembcorp set to acquire Norwegian offshore vessel designer

Sembcorp Marine Integrated Yard has an agreement to acquire 100% of LMG Marin for $20 million.

Offshore staff

SINGAPORE – Sembcorp Marine Integrated Yard has an agreement to acquire 100% of LMG Marin for $20 million.

LMG is a naval architecture and ship design/engineering house based in Bergen, Norway, with offices in Poland and France.

The company, established in 1943, has worked on floating structures, platforms, drillships,FPSOs, FSOs, and offshore support vessels.

It also originated various designs adopted bySembcorp Marine, including the next-generation Espadon drillship design; the design used in the ongoing construction of a newbuild FSO for deployment in the UK North Sea; and the Gravifloat modular LNG and LPG platform solutions designed as a cost-competitive alternative to FSRU, FLNG, and land-based terminals; and the Robusto FPSO hull design, customized for operation in Brazil and West Africa.

08/22/2016

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