SLP sold to Dutch steel group

Offshore fabricator SLP Engineering has been sold to Zefier UK III, a subsidiary of Dutch steel construction specialists Smulders Group.

Offshore staff

LOWESTOFT, UK -- Offshore fabricator SLP Engineering has been sold to Zefier UK III, a subsidiary of Dutch steel construction specialists Smulders Group.

Smulders CEO Albert Smulders said: “Following our acquisition of Sea and Land Power and Energy Ltd in May, we wanted to take a second, much larger step in the United Kingdom by purchasing SLP Engineering.

“Our investment in these two businesses shows our commitment to the renewable and oil and gas energy business in the United Kingdom which links into our existing business in these sectors in Europe.”

Following a protracted contractual dispute with a client over delivery of platforms, the SLP Group went into administration last November. Its affairs, and the current sale, have been administered by PricewaterhouseCoopers.

08/18/2010

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