SAS acquires stake in AXTech

SAS has acquired 33.33% of Norwegian company AXTech.

Offshore staff

GOUDA, Netherlands -- SAS has acquired 33.33% of Norwegian company AXTech.

AXTech designs and manufactures riser or buoy pull-in winches for FPSOs. The company also handles A-frames and rail/skid trolley systems for construction vessels/barges and has supplied complete module handling systems (MHS) including towers, module pallet skids, winches, guide wire systems, moonpool doors, and guide frames.

Through this new alliance, the companies hope to supply their customers with complete systems or engineered equipment packages.

10/29/2008

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