Rolls-Royce makes offer to acquire ODIM

Rolls-Royce has agreed with the board of ODIM ASA to make a cash offer for all outstanding shares of ODIM.

Offshore staff

HAREID, Norway -- Rolls-Royce has agreed with the board of ODIM ASA to make a cash offer for all outstanding shares of ODIM.

“ODIM is rich in technology with a unique subsea and deepwater capability that complements our own activities,” says Anders Almestad, president offshore for Rolls-Royce. “Integrating ODIM’s innovative technology and highly skilled people into our business will enable us to optimize our offering and provide our global customer base with a wider range of products and services in this important market segment.”

02/26/2010

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