Independent journal on economy and transport policy
18:41 GMT+1
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Sembcorp Marine buys the society of naval planning Norwegian LMG Marin
It is specialized in the structure, design engineering and ship for the offshore industry
August 22, 2016
The Sembcorp group Marine of Singapore, through the society integrally controlled Sembcorp Marine Integrated Yard, has signed an agreement in order to buy the entire capital of the society of naval planning Norwegian LMG Marin AS. The transaction will have a value of 20 million dollars.
The Norwegian company, founded in 1943, has center to Bergen and offices in Poland and France. LMG Marin is specialized in the structure, design engineering and ship for the offshore industry, between which systems of perforation, unit floating production, storage and offloading (FPSO) and floating storage and offloading (FSO), offshore support vessels (OSV) and ships for natural gas which liquified, ships fed to GNL, ferries and cruise ships.
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